COPY-Property tax amendment heading for close vote in Legislature

Associated Press - June 14, 2007 6:14 AM ET

TALLAHASSEE, Fla. (AP) - State lawmakers could be voting today on a plan to slash property taxes.

A bipartisan tax-cutting bill is racing toward a close vote in the Senate, but it's expected to easily pass in the House. Committees in both chambers also passed on party-line votes a GOP proposed state constitutional amendment that would replace the existing Save Our Homes Amendment and a $25,000 homestead exemption with a "super exemption."

Together the two measures would chop property taxes by $31.6 billion, or 16%, over the next five years.

The Legislature reconvened Tuesday for what was supposed to be a 10-day special session just to talk about property taxes.

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