Homestead Property Exemption for Persons Age 65 or Older

Proposing amendments to the State Constitution to create a total exemption of homestead property from ad valorem taxation, other than school district levies, for persons 65 years of age or older who have owned and maintained the property as their permanent residence for at least 5 years and whose household income does not exceed a certain amount, adjusted annually by the cost-of-living index, and to provide an effective date, etc.