Bill > S0772

This bill amends state law to require the legislature to appropriate funds, starting in the 2019-2020 fiscal year, to offset reductions in ad valorem (property) tax revenue experienced by fiscally constrained counties and rural communities within a designated rural area of opportunity. These reductions are a direct result of a 2018 constitutional amendment that authorizes an additional homestead exemption of up to $25,000 for all levies except school district levies. The bill also sets forth the process for fiscally constrained counties and rural communities to apply to the Department of Revenue each year to participate in the distribution of the appropriation and provide documentation supporting their estimated reduction in ad valorem tax revenue.

Health and Social Services

http://www.flsenate.gov/Session/Bill/2018/772