This bill amends section 193.155 of the Florida Statutes to clarify that the transfer of certain homestead property by inheritance does not constitute a change in ownership for assessment purposes. Specifically, it adds a new provision stating that upon the death of the owner, if the property is transferred to another individual who makes it their homestead within one year, this transfer will not be considered a change in ownership. This addition is intended to provide clarity and support for families inheriting homestead properties.

Additionally, the bill removes the previous provision that allowed for certain transfers of property without being classified as a change in ownership, specifically regarding the transfer of property upon the death of the owner to a permanent resident who is legally or naturally dependent on the owner. The bill's effective date is contingent upon the approval of a related constitutional amendment proposed by HJR 793 or a similar resolution at the next general election or an earlier special election.

Statutes affected:
H 795 Filed: 193.155