Relating to property taxes due on the homestead of certain seniors; prescribing an effective date.

Sets limit on taxes due on homesteads of seniors with federal adjusted gross income not exceeding 150 percent of federal poverty level equal to total amount of taxes due for property tax year preceding first property tax year for which relief is allowed. Abates taxes in excess of limit. Sets limit on taxes that may be collected on homesteads of seniors with federal adjusted gross income greater than 150 percent, but less than 301 percent, of federal poverty level equal to total amount of taxes due for property tax year preceding first property tax year for which relief is allowed. Allows deferral, without accrual of interest, of taxes in excess of limit. Takes effect on 91st day following adjournment sine die.