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| 3 | 3 | | HB 801 2022 |
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| 6 | 6 | | |
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| 7 | 7 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 8 | 8 | | hb0801-00 |
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| 9 | 9 | | Page 1 of 1 |
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| 10 | 10 | | 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 |
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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to valuation of timeshare units; 2 |
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| 16 | 16 | | amending s. 192.037, F.S.; specifying the methodology 3 |
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| 17 | 17 | | by which certain timeshare units must be valued in 4 |
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| 18 | 18 | | certain tax appeals; providing that the methodology 5 |
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| 19 | 19 | | meets the constitutional mandate for just valuation; 6 |
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| 20 | 20 | | providing an effective date. 7 |
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| 21 | 21 | | 8 |
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| 22 | 22 | | Be It Enacted by the Legislature of the State of Florida: 9 |
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| 23 | 23 | | 10 |
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| 24 | 24 | | Section 1. Subsection (12) of section 192.037, Florida 11 |
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| 25 | 25 | | Statutes, is renumbered as subsection (13), and a new subsection 12 |
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| 26 | 26 | | (12) is added to that section, to read: 13 |
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| 27 | 27 | | 192.037 Fee timeshare real property; taxes and 14 |
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| 28 | 28 | | assessments; escrow. — 15 |
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| 29 | 29 | | (12) In any tax appeal regarding a timeshare unit, if the 16 |
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| 30 | 30 | | taxpayer asserts that ther e is an adequate number of resales to 17 |
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| 31 | 31 | | provide a basis for arriving at value conclusions, the number of 18 |
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| 32 | 32 | | resales shall be considered adequate if the taxpayer provides a 19 |
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| 33 | 33 | | reasonable number of resales and such number is supported by the 20 |
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| 34 | 34 | | most recent standards ad opted by the Uniform Standards of 21 |
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| 35 | 35 | | Professional Appraisal Practice. This valuation methodology for 22 |
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| 36 | 36 | | timeshare units meets the requirement of just valuation as 23 |
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| 37 | 37 | | provided in s. 4, Art. VII of the State Constitution. 24 |
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| 38 | 38 | | Section 2. This act shall take effect July 1, 2022. 25 |
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