FL S0404

Creates section 193.4611, F.S. to establish agricultural assessment for land used in aquaculture production based solely on agricultural use consistent with section 193.461(6)(a).

Requires property appraisers to use 5-year moving average data when applying income methodology approach to aquaculture assessments, rather than annual assessments.

Designates structures and equipment used for aquaculture production as part of average yield per acre with no separately assessable contributory value under the income methodology approach.

Grants aquaculture properties a 10-year assessment period under this section unless ownership or use changes, while allowing property appraisers to require annual audited financial statements.

Amends section 597.003, F.S. to allow the Department of Agriculture and Consumer Services to revoke aquaculture certificates based on whether aquaculture is the primary purpose of the certified facility's operation rather than the entity's operation.

Applies to assessments made on or after January 1, 2023.