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FL H1299

Bill

Official Source

Status

Failed

3/8/2024

Primary Sponsor

Lindsay Cross

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Amends s. 196.1979, F.S., to authorize counties and municipalities to grant ad valorem tax exemptions of up to 100% of assessed value for accessory dwelling units (as defined in s. 163.31771(2)(a)) used to provide affordable housing
  • Expands eligibility beyond the existing requirement that exempt properties be within multifamily projects of 50 or more residential units, by adding accessory dwelling units as a qualifying property type
  • Removes the mandatory expiration provision that required affordable housing tax exemption ordinances to expire before the fourth January 1 after adoption, allowing ordinances to remain in effect indefinitely unless repealed
  • Amendments first apply to the 2025 ad valorem tax roll, with an effective date of July 1, 2024

Legislative Description

Property Tax Exemptions for Affordable Property

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