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FL H0879
Joint Resolution
Status
Introduced
12/13/2023
Primary Sponsor
Fiona McFarland
Click for details
AI Summary
- Proposes a constitutional amendment to increase the portability period for transferring accrued Save Our Homes benefits from a prior homestead to a new homestead from 3 years to 4 years
- Removes the existing $500,000 cap on the amount of accrued homestead assessment benefit that can be transferred when the new homestead's just value is greater than or equal to the prior homestead's just value
- Eliminates the alternate calculation and $500,000 cap that previously applied when the new homestead's just value was less than the prior homestead's just value, simplifying the transfer formula to a proportional calculation based on relative just values
- Requires submission to Florida voters for approval at the next general election or an earlier special election authorized by law
- Amendments would take effect January 1, 2025, if approved by voters
Legislative Description
Homestead Property Tax Assessment
Last Action
Withdrawn prior to introduction
12/15/2023
Full Bill Text
No bill text available