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Synopsis As Introduced Amends the Property Tax Code. Removes language providing that the definition of "homestead property" includes leasehold interests on which a single family residence is situated.
Replaces everything after the enacting clause. Amends the Property Tax Code. In Sections granting the following homestead exemptions: a returning veterans' homestead exemption; a disabled persons' homestead exemption; a senior citizens homestead exemption; a senior citizens assessment freeze homestead exemption; a general homestead exemption; and a long-time occupant homestead exemption, provides that homestead property does not include certain leasehold interests in property.
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