Actionline Offers Primer on Amendment 1

 

In January, voters strongly passed Amendment 1, the biggest change to Florida’s

property-tax structure since voters adopted “Save Our Homes” in 1992. The new

legislation calls for portability, an increased homestead exemption, caps on non-homestead real property and exemption from tangible personal property tax for small businesses.  The legislation passed with 64 percent of the vote, thanks in large part to support in South Florida and coastal regions – the areas where property values, and in turn, taxes, have soared over the last decade. Governor Charlie Christ was a staunch supporter of this legislation, as well.  To better understand what Amendment 1 is, how it was developed and what issues this amendment faces going forward, the Amelia Island-Fernandina Beach-Yulee Chamber of Commerce is making available an informative article from the Spring 2008 Issue of ActionLine, written by Victoria L. Weber of Hopping Green & Sams, P.A. in Tallahassee.

 

Click here for article "Spring 2008 Issue of ActionLine".