Published: Nov 14, 2011 11:15 PM EST

TALLAHASSEE, Fla. (AP) - Florida lawmakers may put a revised property tax relief amendment on the November 2012 ballot.
    
A Senate committee on Monday approved a new proposed state constitutional amendment (SJR 314). It would replace the one that lawmakers passed in the spring.
    
The sponsor, Sen. David Simmons, an Altamonte Springs Republican, said it would cover more homeowners.
    
But it also would reduce potential tax cuts for businesses compared to the current proposal listed as Amendment 4.
    
Both versions would be in addition to the longstanding Save Our Homes Amendment that caps assessment increases for primary homes at 3 percent annually.
    
Another existing provision also caps businesses and other non-homestead properties at 10 percent.
    
Amendment 4 would reduce that limit to 5 percent. Simmons' proposal would make it 7 percent.

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