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, as well as the use of special assessments to finance services specifically benefiting property or residents in unincorporated areas. Additionally, it modifies the powers of counties to establish municipal service taxing or benefit units and special districts, ensuring that funding for municipal services comes solely from service charges or taxes.

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 the local government's responsibility for payment of such assessments and defines the terms "conservation easement" and "development right" in accordance with existing statutes. The bill is set to take effect on July 1, 2025.