Senators HUTTO, SABB, SUTTON, OTT, and MATTHEWS proposes the following amendment (LC-768.DG0010S):

Amend the bill, as and if amended, SECTION 1, by striking Section 12-37-253(A) and inserting:

 (A) Any eligible person may claim an exemption from county, municipal, school, and special assessment real property equal to one hundred fifty thousand dollarsan amount of the fair market value on the person's dwelling place as set forth in subsection (C). A person may not claim this exemption and the exemption set forth in Section 12-37-250 and a person must be eligible for this exemption to claim the exemption set forth in Section 12-37-250. For purposes of eligibility, application, and reimbursement, this exemption must be administered in the same manner as the exemption allowed pursuant to Section 12-37-250, including the application of other laws affecting the exemption allowed pursuant to Section 12-37-250, mutatis mutandis. For a person eligible for this exemption pursuant to subsection (B)(1), the previous application for the exemption allowed pursuant to Section 12-37-250 must be considered the application for this exemption.

Amend the bill further, SECTION 1, by striking Section 12-37-253(B)(1) and inserting:

  (1) if the person was eligible to claim the exemption pursuant to Section 12-37-250 in Property Tax Year 2025 and remains eligible thereafter; or

Amend the bill further, SECTION 1, by striking Section 12-37-253(B)(2)(b) and inserting:

   (b) when the person has been a resident of this State for the entire five property tax years immediately preceding the application; or
  (3)(a) when the person meets the requirements of Section 12-37-250(A)(1)(i), (ii), or (iii); and
   (b) when the person has been a resident of this State for the entire ten property tax years immediately preceding the application.
 (C) A person who qualifies for this exemption pursuant to item (B)(1) or (B)(3) qualifies for a one hundred fifty thousand dollar exemption. A person who qualifies for this exemption pursuant to item (B)(2) qualifies for a seventy-five thousand dollar exemption. The exemption amounts set forth in this subsection are not cumulative and may not be combined.

Renumber sections to conform.

Amend title to conform.