12D-13.031: Homestead Tax Deferral - Application; Approval; Income and Age Requirements; Outstanding Liens and Primary Mortgage
PURPOSE AND EFFECT: The purpose of the proposed amendment to Rule 12D-13.031, F.A.C., is to implement the provisions of Chapters 2006-47 and 2006-69, Laws of Florida, providing for revised age and income requirements on deferred taxes.
SUMMARY: The amendment to Rule 12D-13.031, F.A.C., revises the deferred tax age requirement from 70 to 65 years and provides that the income limitation for deferred taxes is the same limitation as for household income provided in s. 196.075, F.S., for the additional homestead exemption for persons age 65 and older.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 195.022, 195.027(1), 213.06(1) FS.
LAW IMPLEMENTED: 197.243, 197.252, 197.253, 197.3632, 213.05 FS.
A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: Friday, July 20, 2007, 9:30 a.m.
PLACE: Room 142, Larson Building, 200 E. Gaines Street, Tallahassee, Florida
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: Larry Green, (850)922-4830. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Sharon Gallops, Property Tax Technical Unit, Department of Revenue, 725 S. Calhoun St., Tallahassee, Florida 32399-0100, telephone (850)414-6108, e-mail address gallopss@dor.state.fl.us
THE FULL TEXT OF THE PROPOSED RULE IS:
12D-13.031
(1) No change.
(2) When the application is approved, the tax collector shall defer that portion of the combined total described in subsection (1) of this rule section:
(a) Which exceeds five percent of the applicant's household income for the prior calendar year, or
(b) In their entirety if the applicant's household income for the prior calendar year is less than 10,000 dollars, or
(c) If the applicant is entitled to claim the increased exemption by reason of age and residency as provided in Section 196.031(3)(a), F.S., the tax collector shall defer that portion of the combined total described in subsection (1) of this rule section:
1. Which exceeds three percent of the applicant's household income for the prior calendar year, or
2. In their entirety if the applicant’s household income for the prior calendar year is less than 10,000 dollars, or
3. In their entirety if the applicant is 65 70 years of age or older and the applicant's household income is less than the household income designated for the additional homestead exemption for persons age 65 and older as provided in Section 196.075, F.S. 12,000 dollars,
(3) No change.
Specific Authority 195.022, 195.027(1), 213.06(1) FS. Law Implemented 197.243, 197.252, 197.253, 197.3632, 213.05 FS. History–New 6-18-85, Formerly 12D-13.31, Amended 12-13-92,________.