Introduced House Bill (H)

Authored by

DIGEST

Standard deduction for homesteads. Provides that an individual and an eligible child are both entitled to a standard deduction from the assessed value of property for an assessment date if: (1) the individual is at least 65 years of age on the assessment date; (2) the individual qualifies a dwelling on the property as a homestead for the assessment date; and (3) the eligible child qualifies a separate dwelling on the property as a homestead for the assessment date. Standard deduction for homesteads. Provides that an individual and an eligible child are both entitled to a standard deduction from the assessed value of property for an assessment date if: (1) the individual is at least 65 years of age on the assessment date; (2) the individual qualifies a dwelling on the property as a homestead for the assessment date; and (3) the eligible child qualifies a separate dwelling on the property as a homestead for the assessment date.