TAX/AD VALOREM TAX: Extends eligibility to certain trusts for an ad valorem tax exemption for a property owner who is at least sixty-five years of age or older (EN SEE FISC NOTE LF RV See Note)

Summary

HB 961 expands the existing property tax exemption so that qualifying trusts can claim the benefit on behalf of owners who are at least 65 years old. The change broadens who can receive the exemption, helping senior homeowners preserve equity. It was signed into law and is now Act No. 448.

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