summary
Introduced
02/19/2025
02/19/2025
In Committee
02/26/2025
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Indefinitely postponed and withdrawn from consideration (on 05/03/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
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 |
Loading...