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FL H1105
Bill
Status
Failed
3/8/2024
Primary Sponsor
Ways & Means Committee
Click for details
AI Summary
- Allows a taxpayer who filed a homestead exemption application by March 1 to rescind that application by notifying the property appraiser on a Department of Revenue form between August 1 and September 15 of the same taxable year
- Requires three conditions to qualify for rescission: the taxpayer owned the property on January 1 of the previous year, the property was assessed under nonhomestead residential (s. 193.1554) or certain other property (s. 193.1555) assessment caps on that date, and the taxpayer maintained continuous ownership from that assessment date through filing the homestead application
- Directs the property appraiser to adjust the tax roll before certification to the tax collector to reflect the rescission, allowing the property to revert to its prior non-homestead assessment classification
- Authorizes the Department of Revenue to adopt emergency rules effective for 6 months, renewable while permanent rulemaking is pending, to administer the new provision
- Takes effect July 1, 2024, with the changes first applying to the 2025 tax roll
Legislative Description
Rescinding a Homestead Exemption Application
Last Action
Died in Appropriations
3/8/2024
Committee Referrals
State Affairs2/12/2024
Ways and Means Committee1/9/2024
Full Bill Text
No bill text available