Valuation of Timeshare Units
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SB 886 — Valuation of Timeshare Units
Last action — Died in Appropriations
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Valuation of Timeshare Units; Specifying the methodology by which certain timeshare units must be valued in certain tax appeals; providing that the methodology meets the constitutional mandate for just valuation, etc.
Bill Text
- Introduced S 886 Filed Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill establishes a new methodology for valuing timeshare units in tax appeals for developments with over 300 units.
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s. 192.037
(12) In all tax appeals regarding timeshare units that are part of a timeshare development with more than 300 timeshare units, if the taxpayer asserts that there are an adequate number of resales to provide a basis for arriving at value conclusions, the number of resales must be considered adequate when a reasonable number of resales of timeshare units within the same timeshare development are provided by the taxpayer and supported by the most recent standards adopted by the Uniform Standards of Professional Appraisal Practice. This methodology meets the requirement of just valuation of all real estate located in this state, including timeshare units, as recognized by and provided in s. 4, Art. VII of the State Constitution. The taxpayer may submit the known and controlling resales of the properties sold to assist in arriving at value conclusions.
This addition provides a clear framework for how timeshare units should be valued in tax appeals when there are sufficient resale data.
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s. 192.037
present subsection (12)→ subsection (13)This redesignation updates the numbering of the subsections to accommodate the new subsection.
Action History
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Died in Appropriations
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Now in Appropriations
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Favorable by Finance and Tax; YEAS 4 NAYS 2
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On Committee agenda-- Finance and Tax, 02/13/24, 1:30 pm, 37 Senate Building
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On Committee agenda-- Finance and Tax, 02/08/24, 10:45 am, 37 Senate Building --Temporarily Postponed
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Now in Finance and Tax
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Favorable by Regulated Industries; YEAS 6 NAYS 0
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On Committee agenda-- Regulated Industries, 01/16/24, 8:30 am, 401 Senate Building
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Introduced
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Referred to Regulated Industries; Finance and Tax; Appropriations
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Filed
Sponsors
- Joe Gruters · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 159 not signed on · 2 voted No
Sponsors (1)
- Gruters, Joe Republican
Co-sponsors (0)
None.
Not signed on (159)
159 members have not signed on to this bill.
Show all 159 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 2 | 0 | 0 | 0 |
| Unaffiliated | 2 | 0 | 0 | 0 |
| Democrat | 0 | 1 | 0 | 0 |
| No Party Affiliation | 0 | 1 | 0 | 0 |
| Total | 4 | 2 | 0 | 0 |
| % of votes cast | 67% | 33% | 0% | 0% |
How each member voted (6)
| Member | Party | Vote |
|---|---|---|
| Hutson | — | Yea |
| Ingoglia | — | Yea |
| Berman, Lori | Democrat | Nay |
| Pizzo, Jason W. B. | No Party Affiliation | Nay |
| Boyd, Jim | Republican | Yea |
| Rodriguez, Ana Maria | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 4 | 0 | 0 | 0 |
| Democrat | 2 | 0 | 0 | 0 |
| Unaffiliated | 0 | 0 | 0 | 1 |
| Total | 6 | 0 | 0 | 1 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Hutson | — | Not Voting |
| Jones, Shevrin D. "Shev" | Democrat | Yea |
| Osgood, Rosalind | Democrat | Yea |
| Bradley, Jennifer | Republican | Yea |
| Brodeur, Jason | Republican | Yea |
| Gruters, Joe | Republican | Yea |
| Hooper, Ed | Republican | Yea |
Subjects
Frequently asked questions
- What does SB 886 do?
- Valuation of Timeshare Units; Specifying the methodology by which certain timeshare units must be valued in certain tax appeals; providing that the methodology meets the constitutional mandate for just valuation, etc.
- Who sponsors SB 886?
- SB 886 is sponsored by Gruters, Joe (Republican).
- What is the current status of SB 886?
- This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 886?
- Track SB 886 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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