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FL H7075

Joint Resolution

Official Source

Status

Failed

3/8/2024

Primary Sponsor

Ways & Means Committee

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Proposes an amendment to the Florida State Constitution (Article VII, Section 3) to double the ad valorem tax exemption on the assessed value of tangible personal property from $25,000 to $50,000
  • Requires submission to Florida voters for approval or rejection at the next general election or an earlier special election authorized by law
  • Creates a new section in Article XII (Schedule) of the State Constitution to establish the effective date of the exemption increase
  • Amendment would take effect January 1, 2025, if approved by voters

Legislative Description

Tangible Personal Property Tax Exemption

Last Action

Died in Appropriations

3/8/2024

Committee Referrals

State Affairs2/16/2024

Full Bill Text

No bill text available