Bill Number: S.B. 1260

            Mesnard Floor Amendment

            Reference to: printed bill

            Amendment drafted by: Molly Graver

FLOOR AMENDMENT EXPLANATION

· Updates the exemption amount for widows, widowers, persons with a disability and veterans with a service or nonservice-connected disability to reflect the present-day amount of $4,117, which is statutorily required to be increased based on the average annual percentage increase in the Gross Domestic Product price deflator.

· Updates the exemption amount for property used in trade or in business or for agricultural purposes to reflect the present-day amount of $195,878.

· Updates the total assessment limit and the household income limit to reflect the present-day amounts.

Fifty-fifth Legislature                                                   Mesnard

First Regular Session                                                   S.B. 1260

MESNARD FLOOR AMENDMENT

SENATE AMENDMENTS TO S.B. 1260

(Reference to printed bill)

Page 4, line 34, strike "$4,047" insert "$4,117"

Line 35, strike "$27,498" insert "$27,970"

Line 36, strike "$4,047" insert "$4,117"

Line 41, strike "$27,498" insert "$27,970"

Page 5, line 19, strike "$33,722" insert "$34,301"

Line 22, strike "$40,456" insert "$41,151"

Page 7, line 28, strike "$185,811" insert "$195,878"

Amend title to conform

J.D. MESNARD

1260MESNARD0925.docx

02/18/2021

09:25 AM

S: MG/gs