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FL S0446
Bill
AI Summary
- Amends Florida Statute 163.081 to change how non-ad valorem assessments for qualifying residential property improvements (PACE financing) are collected
- Requires non-ad valorem assessments to be collected directly by the authorized program administrator rather than through the county tax collector under s. 197.3632
- Removes provisions allowing the program administrator to compensate the tax collector up to 2 percent of the amount collected and remitted for collection services
- Eliminates the existing discount exemption for early payment and related procedural requirements for notice, adoption, and coordination with the property appraiser, tax collector, and Department of Revenue
- Effective date is July 1, 2025; sponsored by Senator Truenow
Legislative Description
Financing Qualifying Improvements to Residential Property
Last Action
Died in Community Affairs
6/16/2025
Full Bill Text
No bill text available