No Further Funding Cuts For IRS In FY24
Other than a planned repurposing of Inflation Reduction Act supplemental funding, the Internal Revenue Service saw no other cuts as the President signed off on the resolution […]
Read MoreVoters rejected two constitutional amendments referred by the Florida Legislature to the 2022 ballot for property tax purposes. Amendments in Florida require a 60% supermajority vote of approval to pass.
Limitation on the Assessment of Real Property Used for Residential Purposes
Amendment 1 proposed an amendment to the State Constitution. Had it been approved by voters, Amendment 1:
would have authorized the legislature to prohibit the consideration of any change or improvement made to real property used for residential purposes to improve the property’s resistance to flood damage in determining the assessed value of such property for ad valorem taxation purposes; and
would have been effective January 1, 2023.
Additional Homestead Property Tax Exemption for Specified Critical Public Services Workforce
Amendment 3 also proposed a constitutional amendment to the State Constitution. Had it been approved by voters, Amendment 3:
would have authorized the legislature to grant an additional homestead property tax exemption for non-school levies of up to $50,000 of the assessed value of homestead property owned by classroom teachers, law enforcement officers, correctional officers, firefighters, emergency medical technicians, paramedics, child welfare services professionals, active duty members of the United States Armed Forces, and Florida National Guard members; and
would have been effective January 1, 2023.
Constitutional Amendments, Florida Department of State, Division of Elections, November 2022; Proposed Constitutional Amendments for the General Election, Florida Department of State, Florida Division of Elections, November 2022
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