S E N A T E A M E N D M E N T

   AMENDMENT NO. _____

310896031496000/DG

April 22, 2026

ADOPTED		TABLED	CARRIED OVER	FAILED	RECONSIDERED

Clerk of the Senate

   ADOPTION NO. _____

BILL NO: H.5126  (Reference is to Printer's Date 04/21/26-S.)

04572000 

 Senator MASSEY proposes the following amendment (DG HOMEEXEMPT):

 Amend the bill, as and if amended, Part IB, Section 117, GENERAL PROVISIONS, page 585, after line 27, by adding an appropriately numbered new proviso to read:

/ (GP: Homestead exemption) (A) For the property tax year that ends in the current fiscal year, any person that is eligible for and claims the exemption pursuant to Section 12-37-250 may claim an additional exemption, in an amount set forth in subsection (B), if the person:

  (1) has been a resident of this State for at least five entire property tax years and filed an individual income tax return for at least five tax years in this State at any time;

  (2) has been a resident of this State for at least ten entire property tax years and filed an individual income tax return for at least ten tax years in this State at any time, or

  (3) was eligible to claim the exemption pursuant to Section 12-37-250 in Property Tax Year 2025 and otherwise qualifies.

 (B) A person who qualifies for this exemption pursuant to subsection (A)(1) qualifies for an additional twenty-five thousand dollar exemption. A person who qualifies for this exemption pursuant to subsection (A)(2) or (A)(3) qualifies for an additional one hundred thousand dollar exemption. The exemption amounts set forth in this subsection are not cumulative and may not be combined.

 (C) There is appropriated an amount sufficient to reimburse local taxing jurisdictions for this additional exemption in the same manner as the exemption allowed pursuant to Section 12-37-250 is reimbursed, mutatis mutandis.

 (D) For purposes of this proviso, this additional exemption applies to the same real property taxes to which Section 12-37-250 applies.

 (E) This proviso shall not take effect if the exemption amount set forth in Section 12-37-250 is increased or if another homestead exemption is enacted by September first of the current fiscal year.

 (F) If any subsection, paragraph, subparagraph, sentence, clause, phrase, or word of this proviso is for any reason held to be unconstitutional or invalid, the General Assembly hereby declares that it would not have passed this proviso, without the subsections, paragraphs, subparagraphs, sentences, clauses, phrases, or words declared to be unconstitutional, invalid, or otherwise ineffective. /

 Renumber sections to conform.

 Amend sections, totals and title to conform.