Florida League of Cities

Increased Homestead Property Tax Exemption Implementing Bill (Oppose) – Passed

CS/HB 7019 (Buchanan) is the implementing bill for HJR 7017 if it is voter-approved and would require an annual adjustment to the value of certain homestead exemptions. The bill would require that the Legislature appropriate funds to offset reductions in ad valorem tax revenue experienced by fiscally constrained counties due to the annual positive inflation adjustment. CS/HB 7019 passed the House (86-29) and the Senate (25-15) and is awaiting action by the Governor. (Chapman)