The Legislature passed a proposed constitutional amendment that will go to voters Jan. 29. Together, the proposals would cut property taxes $1.4 billion in 2008-09 -- with about $204 million of that taken from schools. Lawmakers met in a 17-day special session that began with what was presented as a done deal and soon devolved into a series of different proposals. Here's where it ended Monday. WHAT'S IN
Portability. Homesteaders could take up to $500,000 of Save Our Homes protections to a new home purchase. Those who downsize would take a pro-rated portion of their tax protections. Applies to all property taxes. Senate staff estimates this would cut taxes, statewide, $302 million in 2008-09.
Double homestead exemption. Homesteaders get a second $25,000 exemption on the assessed value on the value of their homes over $50,000. It doesn't apply to school taxes. Senate staff estimates this would cut taxes, statewide, $$892 million in 2008-09.
Tangible personal property tax exemption. Businesses get a break on the taxes they pay on equipment. Applies to all property taxes. Senate staff estimates this would cut taxes, statewide, $179 million in 2008-09.
Assessment cap for non-homestead property. Property assessments could increase no more than 10 percent each year on non-homestead property. Senate staff estimates this would cut taxes, statewide, $51 million in 2009-10.

WHAT'S OUT
New-home buyers would have gotten a 25 percent break on assessments. The House estimated this would have cut taxes $65 million in 2008-09.

Those 65 or older, with household income under $23,604, would have been exempted from all homestead property taxes. The House estimated this would have cut taxes $629 million in 2008-09.

Tax breaks for affordable housing would have limited assessments to reflect rents paid. The House estimated it would have cut taxes $45 million in 2008-09.

Caps on millage rates local governments could set would have preserved reductions passed by the Legislature and approved by voters.

The Miami-Dade property appraiser would have become an elected position.

Non-homestead property owners would have had an easier way to challenge their tax assessments, under certain circumstances. House staff estimated taxes would have been cut $100 million in 2008-09.

A minimum homestead exemption equal to 40 percent of the median homestead price in each county.

Working waterfront property - like commercial fishing operations - would have gotten limits on assessments.