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Sen. Laura M. Murphy
Filed: 2/27/2018
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| 1 | | AMENDMENT TO SENATE BILL 2431
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2431 on page 4, |
| 3 | | immediately below line 2, by inserting the following:
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| 4 | | "(e-5) When any change occurs in use or ownership of |
| 5 | | property that has been granted a homestead exemption under this |
| 6 | | Section, the transferee shall notify the chief county |
| 7 | | assessment officer of the change in writing within 90 days |
| 8 | | after the change in use or ownership occurs. The chief county |
| 9 | | assessment officer shall ensure that, if the property ceases to |
| 10 | | qualify for the exemption under this Section as a result of the |
| 11 | | change in use or ownership, then the exemption shall be removed |
| 12 | | beginning with the next taxable year after the change occurs.".
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