Florida H0755 amends laws to provide tax exemptions for affordable housing in critical state concern areas and exempts certain entities from bond.

Florida H0755 amends statutes to allow local governments to adopt ordinances providing ad valorem tax exemptions for certain portions of property used for affordable housing in areas of critical state concern. The exemptions apply to properties meeting specific conditions, such as containing more than 10 units dedicated to housing natural persons or families meeting income limitations. Additionally, the bill exempts certain entities from specified payment and performance bond requirements for public works projects. The changes take effect July 1, 2026.

Florida H0755 amends laws to provide tax exemptions for affordable housing in critical state concern areas and exempts certain entities from bond.

Florida H0755 amends statutes to allow local governments to adopt ordinances providing ad valorem tax exemptions for certain portions of property used for affordable housing in areas of critical state concern. The exemptions apply to properties meeting specific conditions, such as containing more than 10 units dedicated to housing natural persons or families meeting income limitations. Additionally, the bill exempts certain entities from specified payment and performance bond requirements for public works projects. The changes take effect July 1, 2026.