SB 284FLORIDA · STATEWIDESession 2026dead

Proposed Property Tax Limits for Small Businesses

Original title: Assessment of Property Owned and Used by Small Businesses

March 13, 2026

taxation small business property tax real estate taxation and finance

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The Frame

What this does

Small business owners could see more predictable property tax bills, while local governments may experience changes in tax revenue growth based on these assessment caps.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small business owners

They are eligible to apply for an assessment limitation on commercial property they own and use.

Local taxing authorities

They may see changes in property tax revenue due to the assessment caps applied to qualifying small business properties.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Summary

This bill proposes a cap on annual property tax assessment increases for real estate owned and used by small businesses. If enacted, the assessed value of qualifying commercial property would be limited to the lesser of 3% or the annual change in the Consumer Price Index.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

How is a 'small business' defined for this tax break?

The bill uses the definition of 'small business' found in section 288.703 of the Florida Statutes.

What happens if I sell my business property?

A change in ownership or control causes the property to be reassessed at its '' starting on January 1 of the following year.

What are the penalties for lying on the application?

Filing false information is a first-degree misdemeanor and subjects the filer to back taxes, interest, and penalties.

Why It Matters

Small business owners could see more predictable property tax bills, while local governments may experience changes in tax revenue growth based on these assessment caps.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Contingent Legislation

The bill is explicitly tied to the passage of a constitutional amendment, meaning it cannot take effect without a public vote on the underlying constitutional change.

SJR 282