Read the full stored bill text
Florida Senate
-
2026
SB 932
By
Senator McClain
9-00417-26 2026932__
1 A bill to be entitled
2 An act relating to ad valorem tax revenue in fiscally
3 constrained counties; creating s. 218.137, F.S.;
4 requiring the Legislature to appropriate funds for a
5 specified purpose; requiring that such funds be
6 distributed in a specified manner; requiring specified
7 counties to apply for such distribution; providing
8 requirements for application; providing a specified
9 calculation to be used to determine funding; providing
10 for a reversion of funds in specified circumstances;
11 providing a contingent effective date.
12
13 Be It Enacted by the Legislature of the State of Florida:
14
15 Section 1. Section 218.137, Florida Statutes, is created to
16 read:
17
218.137 Offset for ad valorem
tax
revenue loss affecting
18
fiscally constrained counties.—
19
(1)
Beginning in
the
2027-2028
fiscal year, the Legislature
20
shall appropriate moneys to offset the reductions in ad valorem
21
tax revenue experienced by fiscally constrained counties, as
22
defined in s. 218.67(1), which occur as a direct result of the
23
implementation of
the amendment to s. 3(a),
Art. VII of the
24
State Constitution approved
at
the November 2026 general
25
election. The moneys appropriated for this purpose shall be
26
distributed in January of each fiscal year among the fiscally
27
constrained counties based on each county’s proportion of the
28
total reduction in ad valorem tax revenue resulting from the
29
implementation of the
amendment to
s.
3(a), Art. VII of the
30
State Constitution.
31
(2)
On or before November 15 of each year, each fiscally
32
constrained county shall apply to the Department of Revenue to
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participate in the distribution of the appropriation and provide
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documentation supporting the county’s estimated reduction in ad
35
valorem tax revenue in the form and manner prescribed by the
36
Department of Revenue. The documentation must include an
37
estimate of the reduction in taxable value directly attributable
38
to
the amendment to s. 3(a),
Art. VII of the State Constitution
39
approved
at
the November 2026 general election for all county
40
taxing jurisdictions within the county and
must
be prepared by
41
the property appraiser in each fiscally constrained county. The
42
documentation must also include the county millage rates
43
applicable in all such jurisdictions for the current year and
44
the prior year, rolled-back rates determined as provided in s.
45
200.065 for each county taxing jurisdiction, and maximum millage
46
rates that could have been levied by majority vote pursuant to
47
s. 200.065
(5)
. For purposes of this section, each fiscally
48
constrained county’s reduction in ad valorem tax revenue shall
49
be calculated as 95 percent of the estimated reduction in
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taxable value multiplied by the lesser of the 202
6
applicable
51
millage rate or the applicable millage rate for each county
52
taxing jurisdiction in the current year. If a fiscally
53
constrained county fails to apply for the distribution, its
54
share shall revert to the fund from which the appropriation was
55
made
.
56 Section 2. This act shall take effect January 1, 2027, if
57 the amendment to the State Constitution proposed by CS/HJR 1215,
58 as adopted at the 2025 Regular Session, is approved at the next
59 general election or at an earlier special election specifically
60 authorized by law for that purpose.