FL S0932

Creates a state appropriation beginning in fiscal year 2027-2028 to offset ad valorem tax revenue losses experienced by fiscally constrained counties due to a constitutional amendment approved at the November 2026 general election

Requires distribution of funds each January, allocated proportionally based on each county's share of the total ad valorem tax revenue reduction resulting from the constitutional change

Fiscally constrained counties must apply to the Department of Revenue by November 15 annually, submitting documentation from the property appraiser showing estimated taxable value reductions and applicable millage rates

Revenue loss calculated as 95% of the estimated reduction in taxable value multiplied by the lesser of the 2026 millage rate or the current year millage rate for each county taxing jurisdiction

Takes effect January 1, 2027, contingent on voter approval of the constitutional amendment proposed by CS/HJR 1215 at the 2026 general election or an earlier special election