HB 203 - Phased Out Elimination of Non-school Property Tax for Homesteads

On Thursday, January 22, HB 203 by Representative Monique Miller (R-Palm Bay) was heard by House Ways and Means Committee and was reported favorably with 11 yeas and 5 nays. AIF continues to monitor the property tax discussion.

HB 203 is one of the eight bills introduced in the House of Representatives focusing on eliminating or reducing property taxes for Floridians. HB 203 proposes to amend the Florida Constitution by increasing the second homestead exemption by $100,000 per year for ten years. The bill also exempts the entire assessed value of a homesteaded property starting in 2037.

HB 203 will now go to the House Floor for consideration.

AIF’s main priority is to make sure there is not a shift in the tax burden to businesses who choose to call Florida home. A cost shift from local taxpayers to businesses would be a detrimental change for our business community by making cost of goods more expensive and Florida less enticing for growth in the commercial space.

HB 213 - Modification of Limitations on Property Assessment Increases

On Thursday. January 22, HB 213 by Representative Griff Griffitts Jr. (R-Panama City) was heard by the House State Affairs Committee and was reported favorably with 17 yeas and 7 nays. AIF continues to monitor the property tax discussion.

HB 213 is one of the eight bills introduced in the House of Representatives focusing on eliminating or reducing property taxes for Floridians. The bill limits changes in assessments to once every 3 years for ad valorem taxes levied by local governments. The bill also caps increases to 3% or the Consumer Price Index, whichever is lower.

HB 213 will now go to the House Ways & Means Committee for consideration.

AIF’s main priority is to make sure there is not a shift in the tax burden to businesses who choose to call Florida home. A cost shift from local taxpayers to businesses would be a detrimental change for our business community by making cost of goods more expensive and Florida less enticing for growth in the commercial space.