BILL SUMMARY DETAILS

Florida League of Cities

Implementing Bill: Homestead Exemption (Oppose)

SB 1264 (Brandes) and HB 1503 (Fischer) provide for the periodic increase in the additional property tax exemption on a homestead property if SJR 1266 or a similar constitutional amendment is approved by the voters at the 2022 general election. The bills would provide for recalculations of the additional homestead every five years and indexes the exemption amount to the House Price Index for Florida. (Hughes)