HJR 7017 (Buchanan) will be heard in its second and final committee of reference, the House State Affairs Committee, on Tuesday, January 23 at 10:00 a.m. The bill would apply an annual increase in exemption values to the second $25,000 ($50,000 to $75,000) by the Consumer Price Index (CPI) percentages. HJR 7017 is a constitutional amendment and would require the approval of the Florida Legislature and the voters of Florida.
The League is opposed. HJR 7017 will have a recurring and increasingly detrimental impact on local governments, year over year, putting essential services at risk.
This bill needs guardrails (like the Save Our Homes Assessment Limitation already in place) to prevent cities from having to choose between providing less services or raising taxes. This is not a tax break; this is a tax shift hurting renters and businesses.
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