Title: Property Tax Exemptions

Summary: Creates certain exemption from all taxation for real property;

Full Text:
An act relating to property tax exemptions; creating s. 196.2003, F.S.; creating a certain exemption from all taxation for real property; providing a contingent effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section 196.2003, Florida Statutes, is created to read: 196.2003 Exemption for all real property.-In accordance with s. 3(h), Art. VII of the State Constitutio n, $100,000 of the value of real property is entitled to an exemption from all taxation. Section 2. This act shall take effect on the effective date of the amendment to the State Constitution proposed by HJR or a similar joint resolution having sub stantially the same specified intent and purpose,if such amendment to the State Constitution is approved at the next general election or at an earlier special election specifically authorized by law for that purpose.