SJR 033 Exempts property owned by senior citizens from property tax
LR Number:2440S.01I Fiscal Note:2440-01
Last Action:01/05/00 - Bill Stricken from Calendar Journal page:
Effective Date:Contingent
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Current Bill Summary

SJR 33 - This proposed constitutional amendment would exempt from taxation all real and personal property wholly owned by individuals who are 65 years of age or older as of the date of assessment. Local political subdivisions which would lose revenue from the exemption would be reimbursed through an increase in the property tax on utility and commercial property.