Did not become law. It stopped in the Senate's Finance and Revenue Committee on June 25, 2023. The 2023 session has ended.
2023 Regular Session
Senate Bill 655
Provides, for purposes of ad valorem property taxation, frozen assessed value for homestead of individual at least 68 years of age, or person with disability, if homestead and individual would be eligible for homestead property tax deferral program but for fact that homestead is pledged as security for reverse mortgage.
What it does
The synopsis the Legislative Assembly published with the bill.
Provides, for purposes of ad valorem property taxation, frozen assessed value for homestead of individual at least 68 years of age, or person with disability, if homestead and individual would be eligible for homestead property tax deferral program but for fact that homestead is pledged as security for reverse mortgage. Provides that frozen assessed value equals assessed value of homestead for property tax year immediately preceding first property tax year to which valid claim relates. Provides that, after occurrence of certain circumstances, homestead shall be assessed and taxed as other property similarly situated is assessed and taxed. Sunsets program after six years. Maintains frozen assessed value for homesteads granted frozen assessed value before sunset. Takes effect on 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
6 co-sponsors
Dick Anderson, Fred Girod, David Brock Smith, Dennis Linthicum, Suzanne Weber, Kim Thatcher
Its course
January 9 to June 25, 2023, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action4 actions on 4 days
In the SenateJan 9 to Jun 25 · stopped167 days
Waiting for a committeeJan 9 to Jan 156 days
Finance and RevenueJan 15 to Jun 25 · stopped161 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the Senate Jan 9 – Jun 25
- Jan 9Introduced
- Jan 15Sent to Finance and Revenue
- Mar 20Heard in Finance and Revenue
- Jun 25Died when the session ended
All 4 actions, as published
- Jan 9Introduction and first reading. Referred to President's desk.Senate
- Jan 15Referred to Finance and Revenue.Senate
- Mar 20Public Hearing held.Senate
- Jun 25In committee upon adjournment.Senate