Florida 2024 Regular Session Status: In Committee 1 R cosponsors

SB 1376 — Establishment of a New Homestead

Last action — Died in Community Affairs

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Establishment of a New Homestead; Requiring that homestead property be assessed below just value in certain circumstances; limiting the amount of such assessment, etc.

Bill Text

How this bill changes current law

5 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill modifies homestead property assessment procedures in Florida by establishing that newly established homestead properties may be assessed below just value under specific conditions.

  • Section 193.155

    assessed at just value → assessed at less than just value

    Allows for homestead properties to be assessed below just value in certain circumstances.

  • Section 193.155(8)

    Property assessed under this section shall be assessed at less than just value when the person who establishes a new homestead has received a homestead exemption as of January 1 of any of the 3 immediately preceding years. → Property assessed under this section shall be assessed at less than just value when the person who establishes a new homestead has received a homestead exemption as of January 1 of any of the 3 immediately preceding years.

    Clarifies under what conditions the assessment can be less than just value for new homestead properties.

  • Section 193.155(8)(a)

    the assessed value of the new homestead shall be the just value of the new homestead minus an amount equal to the lesser of $500,000 or the difference between the just value and the assessed value of the immediate prior homestead as of January 1 of the year in which the prior homestead was abandoned. → the assessed value of the new homestead shall be the just value of the new homestead minus an amount equal to the lesser of $500,000 or the difference between the just value and the assessed value of the immediate prior homestead as of January 1 of the year in which the prior homestead was abandoned.

    Reaffirms how the assessed value for new homesteads should be calculated based on the previous homestead's value.

  • Section 193.155(8)(b)

    the assessed value of the new homestead shall be equal to the just value of the new homestead divided by the just value of the immediate prior homestead and multiplied by the assessed value of the immediate prior homestead. → the assessed value of the new homestead shall be equal to the just value of the new homestead divided by the just value of the immediate prior homestead and multiplied by the assessed value of the immediate prior homestead.

    Specifies the calculation for the assessed value of a new homestead being less than the previous one.

  • Section 193.155(8)(b)

    the assessed value of the new homestead shall be increased so that the difference between the just value and the assessed value equals $500,000. → the assessed value of the new homestead shall be increased so that the difference between the just value and the assessed value equals $500,000.

    Defines the condition under which the assessed value can be adjusted to ensure it does not fall below a certain threshold.

Action History

  1. Died in Community Affairs

  2. Introduced

  3. Referred to Community Affairs; Finance and Tax; Appropriations

  4. Filed

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 163 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (163)

163 members have not signed on to this bill.

Show all 163 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1376 do?
Establishment of a New Homestead; Requiring that homestead property be assessed below just value in certain circumstances; limiting the amount of such assessment, etc.
Who sponsors SB 1376?
SB 1376 is sponsored by Wright, Tom A. (Republican).
What is the current status of SB 1376?
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 1376?
Track SB 1376 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 1376

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 1376

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →