Florida Senate - 2025                                     SB 852
       
       
        
       By Senator Martin
       
       
       
       
       
       33-01536-25                                            2025852__
    1                        A bill to be entitled                      
    2         An act relating to a study on the elimination of
    3         property taxes; requiring the Office of Economic and
    4         Demographic Research to conduct a specified study;
    5         specifying the requirements of such study; requiring
    6         the office to submit a report to the Legislature by a
    7         specified date; providing an effective date.
    8          
    9  Be It Enacted by the Legislature of the State of Florida:
   10  
   11         Section 1. (1) The Office of Economic and Demographic
   12  Research shall conduct a study to establish a framework to
   13  eliminate property taxes under chapters 192 through 196, Florida
   14  Statutes, and to replace property tax revenues through budget
   15  reductions, sales-based consumption taxes, and locally
   16  determined consumption taxes authorized by the Legislature.
   17         (2) The study must include, at a minimum, all of the
   18  following:
   19         (a) An analysis of the potential impact of eliminating
   20  property taxes on public services, including education,
   21  infrastructure, and emergency services.
   22         (b) An assessment of potential housing market fluctuations,
   23  including changes in homeownership rates and property values.
   24         (c) An evaluation of whether a shift to consumption-based
   25  taxes would make Florida more attractive to businesses compared
   26  to other states.
   27         (d) An analysis of the potential impact of eliminating
   28  property taxes on overall economic stability, consumer behavior,
   29  and long-term economic growth.
   30         (3) By October 1, 2025, the office shall submit a report
   31  detailing the study’s findings to the President of the Senate
   32  and the Speaker of the House of Representatives.
   33         Section 2. This act shall take effect July 1, 2025.