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FL H0161
Bill
Status
Failed
5/5/2023
Primary Sponsor
Ways & Means Committee
Click for details
AI Summary
- Increases the just value limit for real estate eligible for the additional homestead tax exemption for persons age 65 and older from $250,000 to $300,000, applicable to exemptions adopted by counties or municipalities under s. 196.075(2)(b), F.S.
- Requires counties and municipalities with existing ordinances granting this exemption to amend or adopt a new ordinance reflecting the increased just value limit by December 31, 2024, with delivery to the property appraiser no later than January 15, 2025.
- Any existing ordinance that does not conform to the new $300,000 just value limit by January 1, 2025, is deemed null and void as of that date.
- Persons already receiving the exemption for the 2024 tax year will automatically continue receiving it for 2025 without submitting an additional application, provided other eligibility conditions are met.
- The substantive amendment to s. 196.075 takes effect only upon voter approval of the related constitutional amendment proposed by HJR 159 at the next general election or an earlier special election; the transitional provisions take effect July 1, 2023, and are repealed December 31, 2025.
Legislative Description
Homestead Exemptions for Persons Age 65 and Older
Last Action
Died in Appropriations
5/5/2023
Committee Referrals
State Affairs3/10/2023
Local Administration, Federal Affairs & Special Districts Subcommittee2/21/2023
Ways and Means Committee1/17/2023
Full Bill Text
No bill text available