Bill > H0589

This bill modifies Florida Statutes to provide a tax assessment exemption for agricultural improvements located on lands classified as agricultural. Specifically, the bill prohibits the assessment of any agricultural improvements used for agricultural purposes on these lands, effectively reducing the tax burden for farmers and agricultural landowners. The changes will first apply to the 2026 ad valorem (property) tax roll, meaning the new exemption will take effect for property tax assessments beginning in 2026. Key terms in the bill include "agricultural lands," which refers to properties primarily used for farming or agricultural production, and "ad valorem tax," which is a tax based on the assessed value of property. The bill is set to take effect on July 1, 2025, giving tax authorities and property owners time to prepare for the new exemption. This legislation aims to provide financial relief to agricultural landowners by preventing the taxation of improvements used directly in agricultural operations.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2025/589