FL H1229

HB 1229 — Financing Qualifying Improvements to Residential Property

• Non-ad valorem assessments for residential property qualifying improvements (PACE programs) must be collected directly by the authorized program administrator and may no longer be collected through the county tax collector pursuant to s. 197.3632
• Removes the provision that these non-ad valorem assessments are not subject to discount for early payment
• Eliminates provisions allowing program administrators to use the tax collector's infrastructure, including the intent resolution, publication of notice, and mailed notice requirements to the property appraiser, tax collector, and Department of Revenue under s. 197.3632(3)(a)
• Removes the cap limiting program administrator compensation to the tax collector to no more than 2 percent of the amount collected and remitted
• Effective date is July 1, 2025