Florida HB 793: Aerospace Innovation Funding

Bill Text

HJR 793 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

House Joint Resolution 1
A joint resolution proposing an amendment to Section 4 2
of Article VII and the creation of a new section in 3
Article XII of the State Constitution to authorize the 4
Legislature to provide, by general law, that the 5
transfer of homestead property by inheritance is not 6
considered to be a change in ownership for purposes of 7
homestead property assessment and provide an effective 8
date. 9
10
Be It Resolved by the Legislature of the State of Florida: 11
12
That the following amendment to Section 4 of Article VII 13
and the creation of a new section of Article XII of the State 14
Constitution is agreed to and shall be submitted to the electors 15
of this state for approval or rejection at the next general 16
election or at an earlier special election specifically 17
authorized by law for that purpose: 18
ARTICLE VII 19
FINANCE AND TAXATION 20
SECTION 4. Taxation; assessments.—By general law 21
regulations shall be prescribed which shall secure a just 22
valuation of all property for ad valorem taxation, provided: 23
(a) Agricultural land, land producing high water recharge 24
to Florida's aquifers, or land used exclusively for 25

HJR 793 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

noncommercial recreational purposes may be classified by general 26
law and assessed solely on the basis of character or use. 27
(b) As provided by general law and subject to conditions, 28
limitations, and reasonable definitions specified therein, land 29
used for conservation purposes shall be classified by general 30
law and assessed solely on the basis of character or use. 31
(c) Pursuant to general law tangible personal property 32
held for sale as stock in trade and livestock may be valued for 33
taxation at a specified percentage of its value, may be 34
classified for tax purposes, or may be exempted from taxation. 35
(d) All persons entitled to a homestead exemption under 36
Section 6 of this Article shall have their homestead assessed at 37
just value as of January 1 of the year following the effective 38
date of this amendment. This assessment shall change only as 39
provided in this subsection. 40
(1) Assessments subject to this subsection shall be 41
changed annually on January 1st of each year; but those changes 42
in assessments shall not exceed the lower of the following: 43
a. Three percent (3%) of the assessment for the prior 44
year. 45
b. The percent change in the Consumer Price Index for all 46
urban consumers, U.S. City Average, all items 1967=100, or 47
successor reports for the preceding calendar year as initially 48
reported by the United States Department of Labor, Bureau of 49
Labor Statistics. 50

HJR 793 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

(2) No assessment shall exceed just value. 51
(3) After any change of ownership, as provided by general 52
law, homestead property shall be assessed at just value as of 53
January 1 of the following year, unless the provisions of 54
paragraph (8) apply. The legislature, by general law, may 55
provide that the transfer of homestead property upon inheritance 56
is not a change of ownership for purposes of this paragraph. 57
Thereafter, the homestead shall be assessed as provided in this 58
subsection. 59
(4) New homestead property shall be assessed at just value 60
as of January 1st of the year following the establishment of the 61
homestead, unless the provisions of paragraph (8) apply. That 62
assessment shall only change as provided in this subsection. 63
(5) Changes, additions, reductions, or improvements to 64
homestead property shall be assessed as provided for by general 65
law; provided, however, after the adjustment for any change, 66
addition, reduction, or improvement, the property shall be 67
assessed as provided in this subsection. 68
(6) In the event of a termination of homestead status, the 69
property shall be assessed as provided by general law. 70
(7) The provisions of this amendment are severable. If any 71
of the provisions of this amendment shall be held 72
unconstitutional by any court of competent jurisdiction, the 73
decision of such court shall not affect or impair any remaining 74
provisions of this amendment. 75

HJR 793 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

(8)a. A person who establishes a new homestead as of 76
January 1 and who has received a homestead exemption pursuant to 77
Section 6 of this Article as of January 1 of any of the three 78
years immediately preceding the establishment of the new 79
homes