Bill > H0121

This bill amends Florida Statute 193.461, which deals with the classification and assessment of agricultural lands for tax purposes, to clarify how participation in certain water retention programs affects land classification. Specifically, it adds a provision stating that if land is part of a water management district's water retention program that requires flooding and is already assessed at a minimal value (meaning it's not generating significant income), it will continue to be considered a "nonincome-producing use" for tax assessment purposes, provided the payments received by the landowner do not exceed the costs associated with participating in the program. This change is intended to provide tax relief for landowners who engage in these water retention efforts, which are often part of broader efforts to manage water resources, and this specific provision is set to expire on December 31, 2020.