Title: Memo re HB 386. Homestead property tax deferral act.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00051562/00001
 Material Information
Title: Memo re HB 386. Homestead property tax deferral act.
Physical Description: 1p.
Language: English
Publication Date: Feb. 18, 1977
Spatial Coverage: North America -- United States of America -- Florida
General Note: Box 3, Folder 3D ( LEGISLATION - BOX 3, FOLDER 3 ), Item 182
Funding: Digitized by the Legal Technology Institute in the Levin College of Law at the University of Florida.
 Record Information
Bibliographic ID: UF00051562
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: Levin College of Law, University of Florida
Rights Management: All rights reserved by the source institution and holding location.

Full Text


February 18, 1977

To: Buddy Blain
Re: House Bill 386; Homestead property tax
deferral act.

This bill allows a person to defer the ad valorem
taxes due on his household which exceed 5% of
the household's income for the previous year.
It also allows the taxes to be deferred each
year until 80% of the value of the home has been
deferred. It requires payment of the full
amount of deferred taxes when the property change
hands, and it further protects the taxing agency
by specifying that the deferred taxes constitute
a lien on the homestead. Would this option
cause too much trouble with SWF's accounting
system if many land holders in our district
opted for this alternative? You have not pre-
viously marked this bill as one of interest.

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