HJR 865 Summary

• Proposes constitutional amendments to Articles VII and XII requiring the Legislature to exempt renewable energy source devices and their components from tangible personal property tax by general law.

• Allows the Legislature to prohibit consideration of renewable energy device installations when determining assessed values of residential and nonresidential real property for ad valorem taxation purposes.

• Adds property improvements for wind damage resistance to the list of improvements that may not be considered in assessing residential real property values.

• Amendments take effect January 1, 2017, and must be approved by Florida voters at the next general election or an earlier special election authorized by law.