Florida Senate - 2017 PROPOSED COMMITTEE SUBSTITUTE Bill No. SJR 76 Ì959354@Î959354 576-01962-17 Proposed Committee Substitute by the Committee on Appropriations (Appropriations Subcommittee on Finance and Tax) 1 Senate Joint Resolution 2 A joint resolution proposing an amendment to Section 3 27 of Article XII of the State Constitution to remove 4 a future repeal of provisions in Section 4 of Article 5 VII that limit the amount of annual increases in 6 assessments, except for school district levies, of 7 specified nonhomestead real property. 8 9 Be It Resolved by the Legislature of the State of Florida: 10 11 That the following amendment to Section 27 of Article XII 12 of the State Constitution is agreed to and shall be submitted to 13 the electors of this state for approval or rejection at the next 14 general election: 15 ARTICLE XII 16 SCHEDULE 17 SECTION 27. Property tax exemptions and limitations on 18 property tax assessments.— 19 (a) The amendments to Sections 3, 4, and 6 of Article VII, 20 providing a $25,000 exemption for tangible personal property, 21 providing an additional $25,000 homestead exemption, authorizing 22 transfer of the accrued benefit from the limitations on the 23 assessment of homestead property, and this section, if submitted 24 to the electors of this state for approval or rejection at a 25 special election authorized by law to be held on January 29, 26 2008, shall take effect upon approval by the electors and shall 27 operate retroactively to January 1, 2008, or, if submitted to 28 the electors of this state for approval or rejection at the next 29 general election, shall take effect January 1 of the year 30 following such general election. The amendments to Section 4 of 31 Article VII creating subsections (g)
(f)and (h) (g)of that 32 section, creating a limitation on annual assessment increases 33 for specified real property, shall take effect upon approval of 34 the electors and shall first limit assessments beginning January 35 1, 2009, if approved at a special election held on January 29, 36 2008, or shall first limit assessments beginning January 1, 37 2010, if approved at the general election held in November of 38 2008. Subsections (f) and (g) of Section 4 of Article VII are39 repealed effective January 1, 2019; however, the legislature40 shall by joint resolution propose an amendment abrogating the41 repeal of subsections (f) and (g), which shall be submitted to42 the electors of this state for approval or rejection at the43 general election of 2018 and, if approved, shall take effect44 January 1, 2019.45 (b) The amendment to subsection (a) abrogating the 46 scheduled repeal of subsections (g) and (h) of Section 4 of 47 Article VII of the State Constitution as it existed in 2017, 48 shall take effect January 1, 2019. 49 BE IT FURTHER RESOLVED that the following statement be 50 placed on the ballot: 51 CONSTITUTIONAL AMENDMENT 52 ARTICLE XII, SECTION 27 53 LIMITATIONS ON PROPERTY TAX ASSESSMENTS.—Proposing an 54 amendment to the State Constitution to retain provisions adopted 55 in 2008 that limit increases in assessments, except for school 56 district levies, of specified nonhomestead real property, to 10 57 percent each year. If approved, the amendment removes the 58 scheduled repeal of such provisions in 2019 and shall take 59 effect January 1, 2019.