Florida 2025 Regular Session

Florida House Bill H1229 Compare Versions

Only one version of the bill is available at this time.
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1010 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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1414 A bill to be entitled 1
1515 An act relating to financing qualifying improvements 2
1616 to residential property; amending s. 163.081, F.S.; 3
1717 revising the method of collection of a certain non -ad 4
1818 valorem assessment; conforming provisions to changes 5
1919 made by the act; providing an effective date. 6
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2121 Be It Enacted by the Legislature of the State of Florida: 8
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2323 Section 1. Paragraph (e) of subsection (1) of section 10
2424 163.081, Florida Statutes, is ame nded to read: 11
2525 163.081 Financing qualifying improvements to residential 12
2626 property.— 13
2727 (1) RESIDENTIAL PROPERTY PROGRAM AUTHORIZATION. — 14
2828 (e) An authorized program administrator may levy non -ad 15
2929 valorem assessments to facilitate repayment of financing 16
3030 qualifying improvements. Costs incurred by the program 17
3131 administrator for such purpose may be collected as a non -ad 18
3232 valorem assessment. A non -ad valorem assessment shall be 19
3333 collected by the authorized program administrator and may not be 20
3434 collected pursuant to s. 197.3632 and, notwithstanding s. 21
3535 197.3632(8)(a), shall not be subject to discount for early 22
3636 payment. However, the notice and adoption requirements of s. 23
3737 197.3632(4) do not apply if this section is used and complied 24
3838 with, and the intent resolution, publicat ion of notice, and 25
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4747 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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5151 mailed notices to the property appraiser, tax collector, and 26
5252 Department of Revenue required by s. 197.3632(3)(a) may be 27
5353 provided on or before August 15 of each year in conjunction with 28
5454 any non-ad valorem assessment authorized by this sec tion, if the 29
5555 property appraiser, tax collector, and program administrator 30
5656 agree. The program administrator shall only compensate the tax 31
5757 collector for the actual cost of collecting non -ad valorem 32
5858 assessments, not to exceed 2 percent of the amount collected and 33
5959 remitted. 34
6060 Section 2. This act shall take effect July 1, 2025. 35