FL S0282

Proposes a constitutional amendment to cap annual property assessment increases for real property owned and used commercially by small businesses at the lower of 3% or the Consumer Price Index change

Small business commercial properties would be assessed at just value as of January 1 of the year after first qualifying, with the assessment cap applying to subsequent years

Requires voter approval at a general election or specially authorized special election to amend Article VII, Section 4 of the Florida Constitution

The definition of "small business" would be established by the legislature through general law

Proposed effective date of January 1, 2027