SJR 63 - For all tax years beginning on or after January 1, 2021, this constitutional amendment, if approved by the voters, allows a qualified taxpayer to be exempted from his or her local real property tax liability. A qualified taxpayer is defined as an individual who has wholly owned his or her primary residence for at least two years free of any obligation, or who has conveyed his or her primary residence in trust to a third party but has lived in his or her primary residence for at least two years, as described in the amendment. A qualified taxpayer shall become eligible for the property tax exemption in the calendar year following the year in which the taxpayer becomes eligible for full Social Security retirement benefits. The tax exemption shall be phased in at twenty percent increments over a period of five years. A qualified taxpayer receiving an exemption under this amendment shall not be eligible in any year in which his or her primary residence becomes subject to a property encumbrance. However, such taxpayer shall resume eligibility in the year following the year in which the encumbrance is removed. A qualified taxpayer receiving an exemption under this amendment shall not be eligible to receive any other tax exemption, credit, or incentive with respect to the real property exempt from tax under this amendment. This amendment is identical to HJR 61 (2020). JOSH NORBERG