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FL H1251
Joint Resolution
Status
Failed
3/8/2024
Primary Sponsor
Daniel Alvarez
Click for details
AI Summary
- Proposes an amendment to Article VII, Section 3 of the Florida State Constitution to authorize the Legislature to exempt tangible personal property located on land classified as agricultural from ad valorem (property) taxation
- Requires voter approval at the next general election or an earlier special election specifically authorized by law
- Adds a new subsection (e)(3) to the existing constitutional tax exemption provisions, placing the agricultural tangible personal property exemption alongside the existing $25,000 tangible personal property exemption and the solar/renewable energy device exemption
- Specific details of the exemption, including eligible property classifications, would be determined by the Legislature through general law
- Constitutional amendment and enabling authority would take effect January 1, 2025, if approved by voters
Legislative Description
Tangible Personal Property Tax Exemption
Last Action
Died in Ways & Means Committee
3/8/2024
Committee Referrals
Ways and Means Committee1/13/2024
Full Bill Text
No bill text available