| 1 | House Joint Resolution |
| 2 | A joint resolution proposing the creation of Section 19 of |
| 3 | Article VII of the State Constitution to authorize the |
| 4 | Legislature to grant a partial exemption from ad valorem |
| 5 | taxation and non-ad valorem assessments for homestead |
| 6 | property renovated or reconstructed by certain entities. |
| 7 |
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| 8 | Be It Resolved by the Legislature of the State of Florida: |
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| 10 | That the following creation of Section 19 of Article VII of |
| 11 | the State Constitution is agreed to and shall be submitted to |
| 12 | the electors of this state for approval or rejection at the next |
| 13 | general election or at an earlier special election specifically |
| 14 | authorized by law for that purpose: |
| 15 | ARTICLE VII |
| 16 | FINANCE AND TAXATION |
| 17 | SECTION 19. Partial exemption for renovation homestead |
| 18 | property.-- |
| 19 | (a) By general law and subject to conditions and |
| 20 | limitations specified therein, the legislature may grant a |
| 21 | partial exemption from ad valorem taxation and non-ad valorem |
| 22 | assessments for homestead property that has been renovated or |
| 23 | reconstructed by a charitable entity in an amount equal to any |
| 24 | increase in the assessed value of the homestead resulting from |
| 25 | the renovation or reconstruction. |
| 26 | (b) The duration of a tax exemption granted pursuant to |
| 27 | this section shall be for a term not to exceed 30 years from the |
| 28 | completion of the renovation or reconstruction and shall not be |
| 29 | transferable. When the exempt status of the property changes |
| 30 | during a tax year due to a sale or transfer of the property, the |
| 31 | property shall be assessed and taxed at its just value and the |
| 32 | procedure for the apportionment of the taxes for the year shall |
| 33 | be the same as in the case of other changes in tax exemption |
| 34 | status during the tax year. |
| 35 | (c) For purposes of this section, homestead property |
| 36 | eligible for the exemption provided by this section is homestead |
| 37 | property consisting of a housing project performed for a |
| 38 | specific person or family to renovate, reconstruct, or replace |
| 39 | the home of that person or family on the same lot by a |
| 40 | charitable entity organized to perform home renovations or by a |
| 41 | for-profit builder using at least 75 percent volunteer labor to |
| 42 | accomplish the renovation or reconstruction for the project. |
| 43 | BE IT FURTHER RESOLVED that the following statement be |
| 44 | placed on the ballot: |
| 45 | CONSTITUTIONAL AMENDMENT |
| 46 | ARTICLE VII, SECTION 19 |
| 47 | PARTIAL EXEMPTION FOR RENOVATED OR RECONSTRUCTED HOMESTEAD |
| 48 | PROPERTY.--Proposing an amendment to the State Constitution to |
| 49 | authorize the Legislature to exempt homestead property that has |
| 50 | been renovated or reconstructed by a charitable entity or for- |
| 51 | profit builder using predominantly volunteer labor from ad |
| 52 | valorem taxation and non-ad valorem assessments in an amount |
| 53 | equal to any increase in the assessed value of the homestead |
| 54 | resulting from the renovation or reconstruction, limit the term |
| 55 | of the exemption to 30 years, and provide for termination of the |
| 56 | exemption upon sale or transfer of ownership of the property. |