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Bill > H0761


FL H0761

Deferred and Unpaid Taxes


summary

Introduced
02/19/2025
In Committee
02/26/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

An act relating to deferred and unpaid taxes; amending s. 197.252, F.S.; limiting a specified tax deferral to properties with a just value of $1 million or less; amending s. 197.432, F.S.; increasing the minimum value of a tax certificate that may be sold at public auction or by electronic sale; providing an effective date.

AI Summary

This bill makes two key changes to Florida tax laws: First, it limits the homestead tax deferral option to properties with a just value of $1 million or less, which means homeowners with more expensive properties will no longer be able to defer a portion of their property taxes and associated interest. Second, it increases the minimum value of a tax certificate that can be sold at public auction or electronically from $250 to $500, which means smaller tax delinquencies on homestead properties will now be handled differently, with the tax collector issuing these smaller certificates directly to the county at the maximum allowable interest rate instead of selling them. The bill is designed to adjust tax collection procedures and property tax relief mechanisms, with these changes set to take effect on July 1, 2025. The modifications aim to streamline tax collection processes and potentially limit tax deferral benefits for higher-value properties.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

Indefinitely postponed and withdrawn from consideration (on 05/03/2025)

bill text


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bill summary

Document Type Source Location
State Bill Page https://www.flsenate.gov/Session/Bill/2025/761
Analysis - Intergovernmental Affairs Subcommittee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2025/761/Analyses/h0761c.IAS.PDF
Analysis - Intergovernmental Affairs Subcommittee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2025/761/Analyses/h0761b.IAS.PDF
Analysis - Ways & Means Committee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2025/761/Analyses/h0761a.WMC.PDF
Analysis - Ways & Means Committee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2025/761/Analyses/h0761.WMC.PDF
BillText https://www.flsenate.gov/Session/Bill/2025/761/BillText/Filed/PDF
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