Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. SB 568
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       The Committee on Community Affairs (Diaz) recommended the
    1         Senate Amendment (with title amendment)
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Section 193.019, Florida Statutes, is created to
    6  read:
    7         193.019 Assessment of property with restrictive covenants.—
    8         (1)(a)A county or municipality may enter into an agreement
    9  with a property owner which authorizes the county or
   10  municipality to record with the clerk of court a restrictive
   11  covenant running with the land for a term of at least 20 years
   12  and stating that the property will be used to provide affordable
   13  housing to extremely-low-income, very-low-income, low-income, or
   14  moderate-income persons as defined in s. 420.0004 or provide
   15  workforce housing as defined in s. 420.5095(3). The covenant may
   16  contain resale restrictions.
   17         (b)A property owner and the county or municipality may
   18  agree to amend, supplement, or attach an addendum to the
   19  recorded covenant, so long as the amendment, supplement, or
   20  addendum does not significantly alter the intent of the original
   21  covenant.
   22         (2)Each restrictive covenant entered into pursuant to this
   23  section must be recorded in the public records of the county
   24  where the property is located. Each county or municipality that
   25  enters into an agreement with a property owner shall provide the
   26  property appraiser with a list of all agreements entered into
   27  for the calendar year no later than December 1 of the year
   28  before the year in which the revised assessment will take
   29  effect.
   30         (3)In addition to considering the factors listed in s.
   31  193.011 in arriving at just value, the property appraiser shall
   32  consider each property with a restrictive covenant entered into
   33  pursuant to this section in accordance with the terms of the
   34  covenant, including any recorded amendment, supplement, or
   35  addendum to, or resale restriction in, the covenant.
   36         (4)Each covenant entered into pursuant to this section,
   37  including any amendment, supplement, or addendum to the
   38  covenant, or resale restriction therein, which is recorded in
   39  the official public records of the county in which the land is
   40  located is deemed a land use regulation during the term of the
   41  covenant.
   42         Section 2. Subsection (4) of section 196.183, Florida
   43  Statutes, is amended to read:
   44         196.183 Exemption for tangible personal property.—
   45         (4) Owners of property previously assessed by the property
   46  appraiser without a return being filed may, at the option of the
   47  property appraiser, qualify for the exemption under this section
   48  without filing an initial return.
   49         Section 3. This act shall take effect July 1, 2019.
   51  ================= T I T L E  A M E N D M E N T ================
   52  And the title is amended as follows:
   53         Delete everything before the enacting clause
   54  and insert:
   55                        A bill to be entitled                      
   56         An act relating to the assessment of property;
   57         creating s. 193.019, F.S.; authorizing counties and
   58         municipalities to enter into agreements with property
   59         owners to record certain restrictive covenants running
   60         with the land; authorizing property owners and the
   61         county or municipality to amend the covenant under
   62         certain circumstances; providing requirements for
   63         counties and municipalities in recording covenants and
   64         in providing property appraisers with a list of
   65         agreements; requiring property appraisers to consider
   66         the terms of covenants in arriving at just value;
   67         providing construction; amending s. 196.183, F.S.;
   68         revising a condition under which a property owner may
   69         qualify for the tangible personal property exemption
   70         without filing an initial return; providing an
   71         effective date.