02/25/2025

House Bill 103

Lead Sponsors: Representative Dan Troy and Representative Thomas Hall

Status: Introduced (February 18, 2025)

Description: The bill alters the income threshold for new homestead exemptions from "does not exceed $30,000" to "does not exceed $45,000" and increases one of the inputs to calculate the amount of the exemption from $25,000 of the true value of the property to $50,000 of the true value.

These changes will generally result in more individuals receiving the homestead exemption and receiving a greater exemption than under current law.

CCAO Position: No position (as of February 2025)