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FL H7015
Joint Resolution
Status
Failed
3/8/2024
Primary Sponsor
Ways & Means Committee
Click for details
AI Summary
- Proposes a constitutional amendment to increase the maximum homestead property tax exemption for non-school district levies from $25,000 to $50,000 on the assessed valuation between $50,000 and $100,000 (previously capped at $75,000)
- Applies only to homestead properties with an assessed value greater than $50,000; the existing $25,000 exemption on the first $25,000 of assessed value remains unchanged
- Does not affect school district tax levies, which remain outside the scope of the additional exemption
- Requires approval by Florida voters at the next general election or an earlier special election specifically authorized by law
- If approved, the amendment would take effect January 1, 2025
Legislative Description
Homestead Exemption Increase
Last Action
Died in State Affairs Committee
3/8/2024
Committee Referrals
State Affairs1/13/2024
Full Bill Text
No bill text available