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FL S0778

Bill

Official Source

Status

Failed

5/5/2017

Primary Sponsor

Rene Garcia

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Expands ad valorem tax exemption for historic property to include historic condominiums and cooperatives, in addition to commercial and nonprofit properties
  • Exemption covers up to 50 percent of assessed value for properties listed on the National Register of Historic Places or designated as historic under local preservation ordinances
  • Removes the requirement that historic condominiums and cooperatives be regularly open to the public, but maintains this requirement for commercial and nonprofit uses
  • County commissioners or municipal authorities must notify the property appraiser by December 1 of the year prior to exemption implementation
  • Takes effect July 1, 2017

Legislative Description

Ad Valorem Tax Exemption for Historic Condominiums and Cooperatives

Last Action

Died in Community Affairs

5/5/2017

Committee Referrals

Community Affairs2/23/2017

Full Bill Text

No bill text available