Senators Debate Proposal to Expand Senior Homestead Exemptions; Constitutional Amendment Advanced
Lawmakers discussed a constitutional amendment to phase in additional homestead exemptions for seniors based on age thresholds, with supporters saying it helps residents remain in their homes; the measure advanced on the floor after sponsor explanation and questions from colleagues.
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Senator Wheat presented a constitutional amendment proposal that would expand homestead exemptions for residents age 65 and older by phasing in additional exemptions tied to later age thresholds (examples given on the floor show incremental steps reaching an exemption level tied to $370,000 by age 81). Sponsors described the amendment as aimed at allowing long-time homeowners to remain in place amid rising local tax burdens.
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