Florida Senate - 2018 SB 976 By Senator Brandes 24-01173-18 2018976__ 1 A bill to be entitled 2 An act relating to the ad valorem taxation of 3 generators; creating s. 193.626, F.S.; defining the 4 term “permanent standby generator”; providing that, in 5 determining the assessed value of real property, the 6 just value of the property attributable to a permanent 7 standby generator may not be considered; creating s. 8 196.186, F.S.; exempting from ad valorem taxation the 9 assessed value of permanent standby generators that 10 are considered tangible personal property; providing a 11 contingent effective date. 12 13 Be It Enacted by the Legislature of the State of Florida: 14 15 Section 1. Section 193.626, Florida Statutes, is created to 16 read: 17 193.626 Assessment of permanent standby generators.— 18 (1) As used in this section, the term “permanent standby 19 generator” means a generator permanently affixed to real 20 property in this state and intended for use in providing 21 electrical power in the event of electrical power disruption. 22 (2) In determining the assessed value of real property, the 23 just value of the property attributable to a permanent standby 24 generator may not be considered. 25 Section 2. Section 196.186, Florida Statutes, is created to 26 read: 27 196.186 Exemption of permanent standby generators.—The 28 assessed value of a permanent standby generator, as defined in 29 s. 193.626, which is considered tangible personal property is 30 exempt from ad valorem taxation. 31 Section 3. This act shall take effect on the effective date 32 of the amendment to the State Constitution proposed by SJR ____ 33 or a similar joint resolution having substantially the same 34 specific intent and purpose, if such amendment to the State 35 Constitution is approved at the general election held in 36 November 2018.