FL H1389

Proposes a constitutional amendment to increase from 2 years to 3 years the period during which homestead property tax assessment benefits may be transferred from a prior homestead to a new homestead.

Extends the time period for transferring accrued "Save-Our-Homes" benefits when a homeowner sells their primary residence and purchases a new one.

Amendment to Section 4 of Article VII and creation of new section in Article XII of the State Constitution.

Effective date of January 1, 2021, pending voter approval at the next general election or earlier special election authorized by law.

Allows homeowners who previously received homestead exemptions to carry forward tax assessment benefits to a new homestead within the 3-year window instead of the current 2-year limitation.