CS/HB 149 2022
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to aquaculture land valuation; 2
creating s. 193.4613, F.S.; defining terms; providing 3
for the assessment of land used in the production of 4
aquaculture to be based solely on its agricultural 5
use; providing assessment methodology; requiring 6
property to be assessed for a certain period of time 7
using a specified assessment methodology; authorizing 8
the property appraiser to require audited financi al 9
statements; providing applicability; providing an 10
effective date. 11
12
Be It Enacted by the Legislature of the State of Florida: 13
14
Section 1. Section 193.4613, Florida Statutes, is created 15
to read: 16
193.4613 Agricultural lands used in production of 17
aquaculture; assessment. — 18
(1) For purposes of this section, the terms "aquaculture" 19
and "aquaculture products" have the same meanings as in s. 20
597.0015. 21
(2)(a) When proper application for agricultural assessment 22
has been made and granted pursuant to s . 193.461, and the 23
property owner requests assessment pursuant to this section, the 24
assessment of land used in the production of aquaculture 25
CS/HB 149 2022
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
products shall be based solely on its agricultural use, 26
consistent with the use factors specified in s. 193.461(6)( a), 27
and assessed pursuant to paragraph (c). 28
(b) Notwithstanding any provision relating to annual 29
assessments in s. 192.042, the property appraiser shall rely on 30
5-year moving average data when utilizing the income methodology 31
approach in assessing proper ty used for purposes under this 32
section. 33
(c) For purposes of the income methodology approach to the 34
assessment of land used in the production of aquaculture 35
products, structures and equipment located on the property used 36
for producing aquaculture product s are considered a part of the 37
average yield per acre and have no separately assessable 38
contributory value. 39
(d) If a request for assessment under this section is 40
granted, the property must be assessed as provided in this 41
section for 10 years unless the o wnership or use of the property 42
changes. The property appraiser may not require annual 43
application. The property appraiser may require the property 44
owner to annually submit audited financial statements. 45
(e) When proper application for agricultural assess ment 46
has not been made, the land shall be assessed under the 47
provisions of s. 193.011. 48
Section 2. The provisions of this act apply to assessments 49
made on or after January 1, 2023. 50
CS/HB 149 2022
CODING: Words stricken are deletions; words underlined are additions.
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
Section 3. This act shall take effect January 1, 2023. 51