Florida SB 1520: Direct Health Care Agreements

Bill Text

1520 
Affordable Housing Property Tax Exemption 
2026-01-09T03:08:10Z 
Revising a specified finding that a taxing authority must make in order to elect not to exempt certain property from certain ad valorem taxation; authorizing certain property owners in a multifamily project to apply for and continue to receive an exemption, etc. 
Original Filed Version 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 1520 

 By Senator Calatayud 

 38-01062B-26 20261520__ 
 1 A bill to be entitled 
 2 An act relating to the affordable housing property tax 
 3 exemption; amending s. 196.1978, F.S.; revising a 
 4 specified finding that a taxing authority must make in 
 5 order to elect not to exempt certain property from 
 6 certain ad valorem taxation; authorizing certain 
 7 property owners in a multifamily project to apply for 
 8 and continue to receive an exemption; providing 
 9 applicability; providing an effective date. 
 10 
 11 Be It Enacted by the Legislature of the State of Florida: 
 12 
 13 Section 1. Paragraph (o) of subsection (3) of section 
 14 196.1978, Florida Statutes, is amended to read: 
 15 196.1978 Affordable housing property exemption.— 
 16 (3) 
 17 (o)1. Beginning with the 2025 tax roll, a taxing authority 
 18 may elect, upon adoption of an ordinance or resolution approved 
 19 by a two-thirds vote of the governing body, not to exempt 
 20 property under sub-subparagraph (d)1.a. located in a county 
 21 specified pursuant to subparagraph 2., subject to the conditions 
 22 of this paragraph. 
 23 2. A taxing authority must make a finding in the ordinance 
 24 or resolution that annual housing reports the most recently 
 25 published by the Shimberg Center for Housing Studies Annual 
 26 Report, prepared pursuant to s. 420.6075, identify identifies 
 27 that a county that is part of the jurisdiction of the taxing 
 28 authority is within a metropolitan statistical area or region 
 29 where, for each of the previous 3 years, the number of 
 30 affordable and available units in the metropolitan statistical 
 31 area or region is greater than the number of renter households 
 32 in the metropolitan statistical area or region for the category 
 33 entitled “0-120 percent AMI.” 
 34 3. An election made pursuant to this paragraph may apply 
 35 only to the ad valorem property tax levies imposed within a 
 36 county specified pursuant to subparagraph 2. by the taxing 
 37 authority making the election. 
 38 4. The ordinance or resolution must take effect on the 
 39 January 1 immediately succeeding adoption and shall expire on 
 40 the second January 1 after the January 1 in which the ordinance 
 41 or resolution takes effect. The ordinance or resolution may be 
 42 renewed prior to its expiration pursuant to this paragraph. 
 43 5. The taxing authority proposing to make an election under 
 44 this paragraph must advertise the ordinance or resolution or 
 45 renewal thereof pursuant to the requirements of s. 50.011(1) 
 46 prior to adoption. 
 47 6. The taxing authority must provide to the property 
 48 appraiser the adopted ordinance or resolution or renewal thereof 
 49 by the effective date of the ordinance or resolution or renewal 
 50 thereof. 
 51 7. Notwithstanding an ordinance or resolution or renewal 
 52 thereof adopted pursuant to this paragraph, property in a 
 53 multifamily project that received an exemption pursuant to sub 
 54 subparagraph (d)1.a. before the adoption or renewal of such 
 55 ordinance or resolution may continue to receive such exemption 
 56 for each subsequent consecutive year that the same owner or each 
 57 successive owner applies for and is granted the exemption. 
 58 8. Notwithstanding an ordinance or a resolution or a 
 59 renewal thereof adopted pursuant to this paragraph, the owner of 
 60 a property in a multifamily project that received a final site 
 61 plan approval within 1 year before the adoption of such 
 62 ordinance or resolution may apply for and be granted the 
 63 exemption under sub-subparagraph (d)1.a. after meeting the 
 64 requirements of this subsection and may continue to receive such 
 65 exemption for each subsequent consecutive year that the same 
 66 owner or each successive owner applies for and is granted the 
 67 exemption. 
 68 Section 2. The amendments made by this act to s. 196.1978, 
 69 Florida Statutes, first apply to the 2027 property tax roll. 
 70 Section 3. This act shall take effect July 1, 2026.