FL S0284

Creates section 193.1553, Florida Statutes, to limit annual property assessment increases for real property owned and used commercially by small businesses to the lesser of 3% or the Consumer Price Index change

Defines "small business" by reference to section 288.703, F.S. (generally businesses with fewer than 200 employees or less than $5 million in net worth)

Requires property to be assessed at just value on January 1 following the year it first qualifies, with the assessment cap applying thereafter; assessed value must be lowered to just value if the calculated assessment exceeds it

Triggers reassessment at full just value when ownership or control changes and the property no longer qualifies as small business property

Establishes first-degree misdemeanor penalties for knowingly filing false information to obtain the assessment limitation, plus back taxes, penalties, and interest

Takes effect only if voters approve the constitutional amendment proposed by SJR 282 or a similar joint resolution