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.