FL S0324

Extends the timeframe for transferring accrued Save Our Homes assessment benefits from a prior homestead to a new homestead from 2 years to 3 years

Allows homeowners whose property was significantly damaged or destroyed by a named tropical storm or hurricane to establish a new homestead within 3 years (previously 2 years) to transfer their assessment benefits

Applies to homestead property damaged or destroyed on or after January 1, 2017

Removes obsolete provisions related to the 2008 tax year assessments and transition rules

Takes effect beginning with the 2021 tax roll, contingent upon voter approval of a related constitutional amendment (SJR 326) at the November 2020 general election or an earlier special election