HB 57B

1	A bill to be entitled
2	An act relating to assessments of hurricane-damaged
3	homestead property; amending s. 193.1551, F.S.; applying
4	to any year a time-limited exception to requirements to
5	assess certain homestead property at just value under
6	certain circumstances; providing limitations; providing an
7	effective date.
8
9	Be It Enacted by the Legislature of the State of Florida:
10
11	Section 1.  Section 193.1551, Florida Statutes, is amended
12	to read:
13	193.1551  Assessment of certain homestead property damaged
14	in 2004 named storms.--Notwithstanding the provisions of s.
15	193.155(4), the assessment at just value for changes, additions,
16	or improvements to homestead property rendered uninhabitable in
17	one or more of the named storms in a calendar year of 2004 shall
18	be limited to the square footage exceeding 110 percent of the
19	homestead property's total square footage. Additionally, homes
20	having square footage of 1,350 square feet or less which were
21	rendered uninhabitable may rebuild up to 1,500 total square feet
22	and the increase in square footage shall not be considered as a
23	change, an addition, or an improvement that is subject to
24	assessment at just value. The provisions of this section are
25	limited to homestead properties in which repairs are completed
26	by January 1 of the 4th year after which the named storm
27	occurred, 2008, and apply retroactively to January 1 of the year
28	after which the named storm occurred, 2005.
29	Section 2.  This act shall take effect upon becoming a law.

CODING: Words stricken are deletions; words underlined are additions.