FL H0371

Reduces the eligibility period for transferring homestead assessment benefits from 3 years to 2 immediately preceding years when establishing a new homestead

Eliminates obsolete provisions related to January 1, 2008 homestead assessments and the requirement that persons received exemptions on January 1, 2007

Changes the timeframe for owners of homestead property significantly damaged or destroyed by a named tropical storm or hurricane to establish a new homestead from the third year to the second year following the storm or hurricane to qualify for the assessment reduction election

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

Takes effect beginning with the 2021 tax roll, contingent on approval of a State Constitutional amendment (HJR 369 or similar) at the November 2020 election or earlier special election