SJR 318 Florida Senate · 2025 Regular Session

Ad Valorem Tax Exemption

SJR 318 proposes a constitutional amendment to exempt certain tangible personal property (such as equipment or inventory) from ad valorem taxes. If approved by voters, it would change the state constitution to create this tax exemption for specific property types. The bill does not specify which properties would be exempt or how implementation would work, as it requires voter approval before taking effect. This measure directly affects property owners who hold the exempted items but would not apply to real estate or other taxable assets. It is a procedural constitutional amendment, not an immediate tax law.

Issues: ✗ Budget & Taxes

Bill status died 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 4, 2025 Last action Jun 16, 2025

Maddy AI version diff · 1 comparison

What changed between versions

S 318 Filed → S 318 c1 · 4 edits

MODERATE

This bill was revised from a filed version to a committee substitute version, primarily updating formatting and standardizing language. The substantive policy content regarding tax exemptions for tangible personal property on agricultural land remains unchanged in effect, though the ballot language was slightly modified to be more specific about eligibility criteria.

Scope change

The scope of the bill remains the same, authorizing the legislature to exempt certain tangible personal property from ad valorem taxation, specifically focusing on agricultural land use.

TECHNICAL

Formatting and numbering were updated throughout the document to match committee substitute standards, including renumbering of sections and removal of page headers/footers.

A new header was added identifying this as 'Committee Substitute 1' with a timestamp, indicating legislative processing status.

DEFINITION

The agricultural land exemption criteria were refined in the ballot language to specify property must be 'habitually located or typically present' on agricultural land, adding clarity to the eligibility requirement.

TIMELINE

The effective date language in Article XII was updated to clarify that the amendment applies to tax years beginning January 1, 2027, upon voter approval.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 22, 2025

Upper · Passed

Favorable by- Appropriations; YEAS 18 NAYS 0

upper

Apr 17, 2025

Upper · Passed

On Committee agenda-- Appropriations, 04/22/25, 11:00 am, 110 Senate Building

upper

Apr 16, 2025

Upper · Passed

Pending reference review under Rule 4.7(2) - (Committee Substitute)

upper

Apr 10, 2025

Upper · Passed

On Committee agenda-- Finance and Tax, 04/15/25, 12:30 pm, 301 Senate Building

upper

Mar 4, 2025

Introduced

upper

Feb 18, 2025

Upper · Passed

Favorable by Agriculture; YEAS 5 NAYS 0

upper

Feb 10, 2025

Upper · Passed

On Committee agenda-- Agriculture, 02/18/25, 11:00 am, 301 Senate Building

upper

Feb 3, 2025

Committee

Referred to Agriculture; Finance and Tax; Appropriations

upper

1 primary · 0 co-sponsors