Loading chat...
FL H1513
Bill
Status
Failed
3/8/2024
Primary Sponsor
Stan McClain
Click for details
AI Summary
- Amends s. 193.703, F.S., to expand the assessed value reduction for homestead properties with living quarters for parents or grandparents aged 62 or older, removing the requirement that the reduction apply only to new construction or reconstruction and extending it to any separate distinct area of living, including a second residential dwelling
- Caps the excluded value at the lesser of the increase in assessed value from construction/reconstruction (if applicable) or 20% of the total assessed value of the property
- Requires property owners to file an annual application with the county property appraiser before March 1 of the applicable tax year
- Requires property owners to notify the property appraiser when they no longer qualify, at which point the previously excluded just value of the living quarters is added back to the assessed value
- Takes effect contingent on voter approval of the constitutional amendment proposed by HJR 1511 (or a similar joint resolution) at the next general election or an authorized special election
Legislative Description
Reduction of Assessed Value
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