FL H1391

Reduces the timeframe for transferring homestead assessment benefits from a prior homestead to a new homestead from 3 years to 2 immediately preceding years.

Allows homeowners whose property was significantly damaged or destroyed by a named tropical storm or hurricane to establish a new homestead within the second year following the disaster (instead of the third year) to make the assessment transfer election.

Deletes an obsolete provision specific to January 1, 2008 homestead assessments that is no longer applicable.

Applies to homestead property damaged or destroyed on or after January 1, 2017, with the act applying beginning with the 2021 tax roll.

Effective date is contingent upon approval of a constitutional amendment proposed by HJR 1389 at the November 2020 general election or an earlier special election.