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FL S0132
Bill
AI Summary
- Amends Section 196.061, Florida Statutes, governing the rental of homestead property and its effect on homestead tax exemption status
- Renting all or substantially all of a homestead dwelling continues to constitute abandonment of the homestead, causing loss of the tax exemption until the owner physically reoccupies the property
- Abandonment after January 1 does not affect the homestead exemption for that year unless the property is rented for more than 30 days per calendar year for 2 consecutive years
- Adds a new provision clarifying that renting a portion of a homestead dwelling while the owner physically occupies it does not constitute abandonment and does not jeopardize the tax exemption
- Sponsored by Senator Hutson with an effective date of July 1, 2021
Legislative Description
Rental of Homestead Property
Last Action
Died in Finance and Tax
4/30/2021
Committee Referrals
Finance and Tax2/2/2021
Community Affairs12/9/2020
Full Bill Text
No bill text available