CS/HB 411 2025
CODING: Words stricken are deletions; words underlined are additions.
hb411-01-c1
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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 affordable property ad valorem tax 2
exemption for leased land; amending s. 196.1978, F.S.; 3
authorizing certain leased land to qualify for a 4
specified ad valorem tax exemption; authorizing the 5
Department of Revenue to adopt emergency rules; 6
providing applicability; providing an effective date. 7
8
Be It Enacted by the Legislature of the State of Florida: 9
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Section 1. Paragraph (b) of subsec tion (1) of section 11
196.1978, Florida Statutes, is amended to read: 12
196.1978 Affordable housing property exemption. — 13
(1) 14
(b) Land that is owned entirely , or is leased from a 15
Housing Finance Authority pursuant to part IV of chapter 159, by 16
a nonprofit entity that is a corporation not for profit, 17
qualified as charitable under s. 501(c)(3) of the Internal 18
Revenue Code and in compliance with Rev. Proc. 96 -32, 1996-1 19
C.B. 717, and is leased for a minimum of 99 years for the 20
purpose of, and is predominantly used for, providing housing to 21
natural persons or families meeting the extremely -low-income, 22
very-low-income, low-income, or moderate-income limits specified 23
in s. 420.0004 is exempt from ad valorem taxation. For purposes 24
of this paragraph, land is predom inantly used for qualifying 25
CS/HB 411 2025
CODING: Words stricken are deletions; words underlined are additions.
hb411-01-c1
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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
purposes if the square footage of the improvements on the land 26
used to provide qualifying housing is greater than 50 percent of 27
the square footage of all improvements on the land. This 28
paragraph first applies to the 2024 tax rol l and is repealed 29
December 31, 2059. 30
Section 2. The Department of Revenue may, and all 31
conditions are deemed met to, adopt emergency rules pursuant to 32
s. 120.54(4), Florida Statutes, for the purpose of implementing 33
s. 196.1978(1)(b), Florida Statutes, as amended by this act. 34
Notwithstanding any other law, emergency rules adopted pursuant 35
to this section are effective for 6 months after adoption and 36
may be renewed during the pendency of procedures to adopt 37
permanent rules addressing the subject of the em ergency rules. 38
Section 3. The amendment to s. 196.1978, Florida Statutes, 39
made by this act first applies to the 2026 tax roll. 40
Section 4. This act shall take effect January 1, 2026. 41