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.