HB 1087 — Holly Springs, City of; ad valorem tax; provide homestead exemption in the amount of up to $409,900.00 for residents 62 years or older
House Date Signed by Governor
A BILL to be entitled an Act to provide for a homestead exemption from City of Holly Springs ad valorem taxes for municipal purposes in the amount of up to $409,900.00 of the appraised value of the homestead for residents of that city who are 62 years of age or older; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.
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