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Bill Summary Details

Homestead Exemptions (Watch)

CS/HB 223 (Buchanan) and CS/SB 514 (Gruters) provide that a person receiving a homestead ad valorem tax exemption in Florida and simultaneously receiving a similar exemption in another state that requires permanent residency in that state is entitled to the Florida homestead exemption if that person or family unit can demonstrate that they did not apply for the exemption and that they have relinquished the exemption in the other state. The bills require forms to claim homestead exemption that are promulgated by the Department of Revenue to ask the taxpayer whether he or she receives an ad valorem tax exemption or tax credit in another state where permanent residency is required as a basis for the granting of that exemption. (Hughes)