summary
Introduced
01/17/2023
01/17/2023
In Committee
01/25/2023
01/25/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Authorizes counties & municipalities to adopt ordinances to grant partial ad valorem tax exemptions to property owners whose properties are used to provide affordable housing; specifies duties of boards of county commissioners & municipal governing bodies adopting ordinances granting such exemptions; requires owners of property that is improperly granted such exemptions to pay owed taxes, penalties, & interest.
AI Summary
This bill authorizes counties and municipalities in Florida to adopt ordinances that grant partial or full ad valorem (property) tax exemptions to property owners who use their properties to provide affordable housing. The exemption applies to residential units within a multifamily project with 50 or more units, where at least 10% of the units are used to provide affordable housing to individuals or families meeting specified income limits. The ordinances must specify the percentage of the assessed value that can be exempted, with up to 75% exemption for properties where at least 10% of the units are affordable, and up to 100% exemption if all units are affordable. The bill outlines the requirements for the ordinances, including application deadlines and procedures for the property appraiser to identify and correct any improper exemptions. The bill's provisions first apply to the 2024 tax roll.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died in Ways & Means Committee; companion bill(s) passed, see CS/SB 102 (Ch. 2023-17) (on 05/05/2023)
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/2023/229 |
| BillText | https://www.flsenate.gov/Session/Bill/2023/229/BillText/Filed/PDF |
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