summary
Introduced
09/21/2021
09/21/2021
In Committee
02/02/2022
02/02/2022
Crossed Over
Passed
Dead
03/14/2022
03/14/2022
Introduced Session
2022 Regular Session
Bill Summary
An act relating to aquaculture land valuation; creating s. 193.4613, F.S.; defining terms; providing for the assessment of land used in the production of aquaculture to be based solely on its agricultural use; providing assessment methodology; requiring property to be assessed for a certain period of time using a specified assessment methodology; authorizing the property appraiser to require audited financial statements; providing applicability; providing an effective date.
AI Summary
This bill creates a new section in Florida Statutes to define how land used for the production of aquaculture products is to be assessed for property tax purposes. It provides that such land shall be assessed based solely on its agricultural use, using a 5-year moving average data approach for the income methodology. The bill also specifies that any structures or equipment used for aquaculture production are considered part of the average yield per acre and have no separately assessable value. The bill requires property to be assessed under this new methodology for 10 years, unless ownership or use changes, and allows property appraisers to require audited financial statements from the property owner. The provisions of this bill apply to assessments made on or after January 1, 2023.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Other Sponsors (1)
Ways and Means Committee (House)
Last Action
Died on Second Reading Calendar (on 03/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2022/149 |
| Analysis - State Affairs Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2022/149/Analyses/h0149c.SAC.PDF |
| Analysis - State Affairs Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2022/149/Analyses/h0149b.SAC.PDF |
| Bill | https://www.flsenate.gov/Session/Bill/2022/149/BillText/c1/PDF |
| Analysis - Ways and Means Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2022/149/Analyses/h0149a.WMC.PDF |
| House Committee Amendment #426799 | https://www.flsenate.gov/Session/Bill/2022/149/Amendment/426799/PDF |
| Analysis - Ways and Means Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2022/149/Analyses/h0149.WMC.PDF |
| Bill | https://www.flsenate.gov/Session/Bill/2022/149/BillText/Filed/PDF |
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