FL S0146

Amends Article VII, Section 4 of the Florida Constitution to extend the homestead tax assessment benefit portability period from two years to three years.

Allows homeowners who establish a new homestead to transfer the accrued "Save-Our-Homes" tax assessment benefit from a prior homestead if they received a homestead exemption in any of the three years immediately preceding the new homestead establishment.

The transferred benefit applies to homestead properties with just values greater than or equal to the prior homestead, capped at $500,000 reduction in assessed value.

Creates a new section in Article XII of the State Constitution to establish an effective date of January 1, 2021.

Requires placement of the amendment on the ballot for voter approval describing the change as increasing the portability period from 2 years to 3 years for Save-Our-Homes benefits.