| SJR 004 | Exempts real and personal property owned by senior citizens from property tax with a replacement tax |
| Sponsor: | Banks | |||
| LR Number: | S0201.01I | Fiscal Note: | 0201-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 02/23/99 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | Contingent upon voter approval | |||
SJR 4 - 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.
RUSS HEMBREE