FL S0704

Proposes constitutional amendment to Article VII, Section 3 allowing the Legislature to exempt any property owned by a municipality from taxation by general law

Changes current constitutional language from mandatory exemption ("shall be exempt") to discretionary exemption ("may be exempted") for municipal property used exclusively for municipal or public purposes

Removes existing constitutional provision allowing exemptions for property used predominantly for educational, literary, scientific, religious, or charitable purposes, making such exemptions dependent on future general law rather than constitutional guarantee

Requires approval by Florida voters at the next general election or earlier special election authorized by law