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Florida Tax Exemptions

Bilzin Sumberg

Part 2/2: Missing Middle Tax Exemption Updates for 2025

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The Florida Housing Finance Corporation is preparing to begin processing applications for the Missing Middle Tax Exemption for the 2025 tax year. Some of the deadlines for processing exemption applications have changed. This...more

Bilzin Sumberg

Live Local Tax Exemption Procedures Updated for 2025

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The Florida Housing Finance Corporation has recently updated its guidance surrounding the Multifamily Middle Market Certification and its application process, as established by the Live Local Act. This initiative is...more

DarrowEverett LLP

When Florida's Transfer Tax Applies to Real Estate Deals: Handy Scenarios

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Buyers and sellers of real property anticipate some tax consequences from a real estate transaction, but typically these concerns are limited to federal income tax implications. The reality is that most states impose various...more

Bilzin Sumberg

Florida Live Local Act 2024 (SB328) Signed Into Law: Executive Summary and Application Examples

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Florida Governor DeSantis just signed into law Senate Bill 328 (“SB328”), the enhancement to last year’s Live Local Act (“LLA” or “SB102”). The amendments made to the Live Local Act by SB328 are significant in both benefits...more

Shutts & Bowen LLP

Florida Senate and House Approve Amendment to Live Local Act

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In 2023, the State of Florida adopted the Live Local Act (the “Act”), which seeks to incentivize the development of affordable housing by the private sector primarily by preempting local zoning laws and providing tax...more

Lowndes

Property Tax Exemptions for Senior Living Facilities: Application Deadline is March 1, 2024

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The 2024 exemption deadline is almost upon us! As with every year here in Florida, the property tax exemption application deadline falls on March 1. So it is again time for senior living facilities around the state to...more

Bilzin Sumberg

Florida Live Local Act Tax Exemption Guidance Officially Updated

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The Live Local Act provides a property tax exemption of up to 100% of the assessed value of a qualifying project’s units. In order to qualify, a project must contain at least 71 housing units, and must serve housing occupants...more

Shutts & Bowen LLP

Florida's Live Local Act

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The Live Local Act (SB 102) (the “Act”) amends multiple provisions of the Florida Statutes with the overarching purpose of spurring additional development of affordable housing in the State. Importantly, for qualifying...more

Bilzin Sumberg

Live Local Act: New Ad Valorem Tax Exemptions for Affordable and Workforce Housing

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Over the past several years, the Florida legislature has increased and expanded the tax exemptions for affordable housing projects in order to incentivize the development of additional affordable housing projects. In Senate...more

Lippes Mathias LLP

Florida State Legislature Passes Sweeping Affordable Housing Bill

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On March 24, 2023 the Florida State Legislature passed and presented to Gov. DeSantis a sweeping housing bill which aims to provide significant support for affordable and workforce housing development and preservation for...more

Freeman Law

Florida Sales Tax on Ticket Sales for the Sunshine State's Nonprofits

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Sales tax . . .  A (if not the most) commonly overlooked tax for nonprofit organizations.  This Freeman Law Insights blog focuses on sales tax regime applicable to “admissions” collected by or for nonprofit organizations in...more

Proskauer Rose LLP

Wealth Management Update - September 2022 - 2

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October 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - The October applicable federal rate ("AFR") for use with a sale to a defective grantor...more

Holland & Knight LLP

Florida Open for Captive Insurance Business

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After several decades, Florida is back in the business of licensing captive insurance companies. On Aug. 11, 2016, the Florida Office of Insurance Regulation issued a license to a nonprofit Florida corporation, pursuant to...more

BakerHostetler

Florida: Sun, Fun, and Sand or Back Taxes, Penalties, and Interest?

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Do you own residential property in Florida? Do you also own residential property in another state? Some Florida counties have been cracking down on Florida Homestead exemption fraud, and you might be surprised to find you owe...more

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