summary
Introduced
01/18/2023
01/18/2023
In Committee
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Authorizing counties and municipalities to adopt ordinances to grant ad valorem tax exemptions to property owners whose properties are used to provide affordable housing; specifying limits on the amount of such exemptions; specifying requirements for ordinances granting such exemptions; specifying duties of boards of county commissioners and municipal governing bodies adopting ordinances granting such exemptions or repealing such ordinances, etc.
AI Summary
This bill authorizes counties and municipalities to adopt ordinances granting ad valorem (property) tax exemptions of up to 75% of the assessed value for affordable housing properties within multifamily projects of 50 or more units, with at least 10% of the units used for affordable housing. The exemption can be up to 100% if all units in the project are used for affordable housing. The ordinance must specify the exemption percentage, application requirements, and that the exemption applies only to the taxes levied by the government granting the exemption. The property appraiser is responsible for applying the exemption and ensuring compliance. This bill aims to incentivize the creation and preservation of affordable housing units within larger multifamily developments.
Sponsors (1)
Last Action
Withdrawn prior to introduction, companion bill(s) passed, see CS/SB 102 (Ch. 2023-17) (on 01/18/2023)
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/2023/220 |
| BillText | https://www.flsenate.gov/Session/Bill/2023/220/BillText/Filed/HTML |
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