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FL H0913
Bill
Status
Failed
3/8/2024
Primary Sponsor
Fiona McFarland
Click for details
AI Summary
- Maintenance or repair of homestead property, including roof or window replacement, may not be considered a change, addition, or improvement for purposes of property tax reassessment under s. 193.155, F.S.
- Replaces the fixed 15% per annum interest rate on unlawfully received homestead exemptions with a variable rate tied to s. 213.235, F.S., across multiple statutes (ss. 196.011, 196.075, and 196.161).
- Replaces the flat 50% penalty on unlawfully exempted taxes with a penalty of three times the s. 213.235 interest rate, capped at 50% of unpaid taxes for each year.
- Property owners who fail to notify the property appraiser of changes affecting their homestead exemption status remain subject to back taxes, interest, penalties, and tax liens for up to 10 prior years.
- Effective date is July 1, 2024.
Legislative Description
Homestead Tax Exemptions
Last Action
Died in Ways & Means Committee
3/8/2024
Committee Referrals
Ways and Means Committee1/5/2024
Full Bill Text
No bill text available