FL S0400

Requires the Legislature to exempt the assessed value of renewable energy source devices and their components from tangible personal property tax.

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

Proposes amendments to Sections 3 and 4 of Article VII and creates Section 34 of Article XII of the Florida Constitution.

Provisions take effect January 1, 2017, and expire December 31, 2036, with constitutional text reverting to its December 31, 2016 version upon expiration.

Requires submission to Florida voters for approval at the next general election or earlier special election authorized by law.