Increase of Homestead Portability Timeframe - 2 (Watch)

Increase of Homestead Portability Timeframe - 2 (Watch)

SB 324 (Brandes) revises the timeframe during which the accrued benefit from specified limitations on homestead property tax assessments may be transferred from a prior homestead to a new homestead. The bill also revises the timeframe during which an owner of homestead property significantly damaged or destroyed by a named tropical storm or hurricane must establish a new homestead to make a certain election and requires the passage of the amendment to the state constitution proposed by SJR 326 or a similar joint resolution having substantially the same specific intent and purpose. (Hughes)