FL S1206

Authorizes the legislature to grant an ad valorem tax exemption for renewable energy source devices and the real property on which they are installed and operated.

Exemption value is capped at the original cost of the device and cannot exceed 10 years in duration, with both terms set by general law.

Replaces existing constitutional authorization that allowed the legislature to prohibit consideration of renewable energy devices when assessing residential property values.

Exemption applies to all property types, not limited to residential property as under the previous authorization.

Authorization takes effect January 1, 2011, pending voter approval of the constitutional amendment.