2015 Senate Bill 24

Authorize homestead tax exemption for inherited house

Introduced in the Senate

Jan. 21, 2015

Introduced by Sen. Mike Nofs (R-19)

To establish if a person dies and leaves his or her principal residence to a child, the heir may retain the homestead property tax exemption for up to two years as long as it is vacant and not leased or used for a business operation.

Referred to the Committee on Finance

March 5, 2015

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

March 19, 2015

Amendment offered by Sen. David Knezek (D-5)

To require the legislature to appropriate extra money for school spending equivalent to the amount of foregone school tax revenue due to the bill.

The amendment failed 11 to 26 (details)

Passed in the Senate 37 to 0 (details)

Received in the House

March 19, 2015

Referred to the Committee on Tax Policy