Florida Senate - 2017 SJR 76 By Senator Lee 20-00160-17 201776__ 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 which limit annual assessment increases for 6 specified nonhomestead real property. 7 8 Be It Resolved by the Legislature of the State of Florida: 9 10 That the following amendment to Section 27 of Article XII 11 of the State Constitution is agreed to and shall be submitted to 12 the electors of this state for approval or rejection at the next 13 general election or at an earlier special election specifically 14 authorized by law for that purpose: 15 ARTICLE XII 16 SCHEDULE 17 SECTION 27. Property tax exemptions and limitations on 18 property tax assessments.— 19 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 Subsections (f) and (g) of Section 4 of Article VII are39 repealed effective January 1, 2019; however, the legislature40 shall by joint resolution propose an amendment abrogating the41 repeal of subsections (f) and (g), which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 BE IT FURTHER RESOLVED that the following statement be 46 placed on the ballot: 47 CONSTITUTIONAL AMENDMENT 48 ARTICLE XII, SECTION 27 49 LIMITATIONS ON PROPERTY TAX ASSESSMENTS.—Proposing an 50 amendment to the State Constitution to retain provisions adopted 51 in 2008 that limit assessment increases for specified 52 nonhomestead real property, except for school district taxes, to 53 10 percent each year. If approved, the amendment removes the 54 scheduled repeal in 2019 of the provisions.