FL H0799

Creates Section 218.137, Florida Statutes, requiring the Legislature to appropriate funds beginning in fiscal year 2027-2028 to offset ad valorem tax revenue losses in fiscally constrained counties resulting from a constitutional amendment approved at the November 2026 general election

Distributes funds in January of each fiscal year based on each county's proportional share of the total statewide reduction in ad valorem tax revenue

Requires fiscally constrained counties to apply to the Department of Revenue by November 15 each year with documentation from the property appraiser showing estimated taxable value reductions and applicable millage rates

Calculates each county's revenue reduction as 95 percent of the estimated taxable value reduction multiplied by the lesser of the 2026 millage rate or the current year's applicable millage rate

Takes effect January 1, 2027, contingent on voter approval of the constitutional amendment proposed by CS/HJR 1215 from the 2025 Regular Session