FL H0909

Creates section 125.0163, F.S., requiring counties that adopt special assessments on or after July 1, 2016 without providing special or peculiar benefits through capital improvements to reduce their ad valorem tax levy by the estimated revenue from the special assessment.

Prohibits counties from levying special assessments that exceed the corresponding reduction in the county's ad valorem tax levy.

Amends section 170.01, F.S., to impose the same requirements on municipalities creating special assessments on or after July 1, 2016.

Requires municipalities to reduce their ad valorem tax levy by the estimated revenue from qualifying special assessments and prohibits the assessment from exceeding that reduction.

Takes effect July 1, 2016.