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 introduces 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 of ownership. This addition aims to provide clarity and support for families inheriting homestead properties.

Additionally, the bill removes a previous provision that allowed for certain transfers of property without being classified as a change of ownership, specifically regarding the transfer of property among multiple owners holding title as joint tenants with rights of survivorship. The bill's effective date is contingent upon the approval of a related constitutional amendment at the next general election or an earlier special election.

Statutes affected:
S 1212 Filed: 193.155