The bill amends section 125.01 of the Florida Statutes by removing special assessments as a funding source for municipal facilities and services. It eliminates the authority of county legislative and governing bodies to levy and collect special assessments, which were previously used to finance services specifically benefiting property or residents in unincorporated areas. Additionally, the bill modifies the powers of county governing bodies regarding the establishment of municipal service taxing or benefit units, ensuring that funding for municipal services can only come from service charges or taxes, but not special assessments.

Furthermore, the bill introduces a new section, 163.31635, which mandates that local governments reimburse landowners for any fees or taxes related to conservation easements that are assessed as part of land development regulations. It establishes that local governments are responsible for paying any taxes or fees associated with conservation easements for land development projects. The terms "conservation easement" and "development right" are defined in accordance with existing statutes. The act is set to take effect on July 1, 2025.