FL S0718

Establishes three primary forms of alimony (bridge-the-gap, rehabilitative, and durational) with specific caps based on marriage length: 25% of obligor's gross income for short-term marriages (≤11 years), 35% for mid-term marriages (>11-<20 years), and 38% for long-term marriages (≥20 years), prioritizing bridge-the-gap and rehabilitative alimony over other forms.

Creates a rebuttable presumption against awarding alimony for short-term marriages and in favor of awarding alimony for long-term marriages; eliminates permanent alimony and requires written findings for any alimony award.

Establishes presumption that equal time-sharing between both parents is in the best interest of the child unless safety concerns, incarceration, distance, domestic violence, or other enumerated circumstances exist.

Redefines "marital assets" to include principal paydown of mortgages on nonmarital real property paid from marital funds and a calculated portion of passive appreciation using a coverture fraction formula.

Allows modification of alimony upon obligor's retirement at a reasonable age, requires imputation of income to unemployed obligee based on time unemployed (ranging from 90% to 40% of prior income), and applies amendments retroactively to certain pre-July 1, 2013 alimony orders through a phased filing schedule.