SB305 - City of Hampton; ad valorem taxes for municipal purposes; homestead exemption; provide

3 Co-Sponsors

A BILL to be entitled an Act to provide a homestead exemption from the City of Hampton ad valorem taxes for municipal purposes in the amount of $50.000.00 of the assessed value of the homestead for residents of that city who are 68 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, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to repeal conflicting laws; and for other purposes.