TAX/TAXATION: Constitutional amendment to extend eligibility for the special assessment level for residential property receiving the homestead exemption to certain persons. (2/3 - CA13s1(A)) (1/1/27) (EG DECREASE LF RV See Note)

SB 115 proposes a constitutional amendment to extend eligibility for a special, lower property tax assessment level. This change would apply to certain individuals who own residential property and already receive a homestead exemption. The bill aims to broaden the group of people who can qualify for this property tax benefit. Recent amendments to the bill have focused on adjusting various effective and election dates, primarily shifting them from 2026 to 2027.