S 0176 General Bill, By Cleary and Rose
Summary: Homestead tax exemption
    A BILL TO AMEND SECTION 12-37-250 OF THE 1976 CODE, RELATING TO THE HOMESTEAD EXEMPTION, TO PROVIDE THAT IF A PERSON WOULD BE ENTITLED TO A HOMESTEAD TAX EXEMPTION, EXCEPT THAT LEGAL TITLE TO THE DWELLING PLACE IS OWNED BY A CONTINUING CARE RETIREMENT COMMUNITY, THEN THE PERSON QUALIFIES FOR AND IS ENTITLED TO A HOMESTEAD EXEMPTION THAT THE PERSON MAY TRANSFER TO THE CONTINUING CARE RETIREMENT COMMUNITY; AND TO AMEND CHAPTER 43, TITLE 12, RELATING TO COUNTY EQUALIZATION AND ASSESSMENT, BY ADDING SECTION 12-43-223 TO PROVIDE THAT UNDER CERTAIN CIRCUMSTANCES, THE LEGAL RESIDENCE OF A PERSON WHO RESIDES IN AND OWNS AN EQUITABLE INTEREST IN A CONTINUING CARE RETIREMENT COMMUNITY QUALIFIES FOR A FOUR PERCENT ASSESSMENT THEREON, IF THE PERSON OR THE CONTINUING CARE RETIREMENT COMMUNITY OWNS LEGAL TITLE.
View full text

12/10/08	Senate	Prefiled
12/10/08	Senate	Referred to Committee on Finance
01/13/09	Senate	Introduced and read first time SJ-153
01/13/09	Senate	Referred to Committee on Finance SJ-153