HB 1229 2025 CODING: Words stricken are deletions; words underlined are additions. hb1229-00 Page 1 of 2 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 financing qualifying improvements 2 to residential property; amending s. 163.081, F.S.; 3 revising the method of collection of a certain non -ad 4 valorem assessment; conforming provisions to changes 5 made by the act; providing an effective date. 6 7 Be It Enacted by the Legislature of the State of Florida: 8 9 Section 1. Paragraph (e) of subsection (1) of section 10 163.081, Florida Statutes, is ame nded to read: 11 163.081 Financing qualifying improvements to residential 12 property.— 13 (1) RESIDENTIAL PROPERTY PROGRAM AUTHORIZATION. — 14 (e) An authorized program administrator may levy non -ad 15 valorem assessments to facilitate repayment of financing 16 qualifying improvements. Costs incurred by the program 17 administrator for such purpose may be collected as a non -ad 18 valorem assessment. A non -ad valorem assessment shall be 19 collected by the authorized program administrator and may not be 20 collected pursuant to s. 197.3632 and, notwithstanding s. 21 197.3632(8)(a), shall not be subject to discount for early 22 payment. However, the notice and adoption requirements of s. 23 197.3632(4) do not apply if this section is used and complied 24 with, and the intent resolution, publicat ion of notice, and 25 HB 1229 2025 CODING: Words stricken are deletions; words underlined are additions. hb1229-00 Page 2 of 2 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 mailed notices to the property appraiser, tax collector, and 26 Department of Revenue required by s. 197.3632(3)(a) may be 27 provided on or before August 15 of each year in conjunction with 28 any non-ad valorem assessment authorized by this sec tion, if the 29 property appraiser, tax collector, and program administrator 30 agree. The program administrator shall only compensate the tax 31 collector for the actual cost of collecting non -ad valorem 32 assessments, not to exceed 2 percent of the amount collected and 33 remitted. 34 Section 2. This act shall take effect July 1, 2025. 35