Introduced
by
To authorize local governments to exempt new construction on homestead property (room additions on private homes) from property tax payments for up to five years. If a local government allowed it, the exemption would apply to the addition of actual “living area” not more than 50 percent of the size a home under 3,000 square feet, and 25 percent of the size a home larger than 3,000 square feet.
Referred to the Committee on Finance
