Bill Text: FL S0948 | 2017 | Regular Session | Introduced
Bill Title: Assessment of Properties Affected by Imported or Domestic Drywall
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2017-05-05 - Died in Appropriations Subcommittee on Finance and Tax [S0948 Detail]
Download: Florida-2017-S0948-Introduced.html
Florida Senate - 2017 SB 948 By Senator Stewart 13-01257-17 2017948__ 1 A bill to be entitled 2 An act relating to the assessment of properties 3 affected by imported or domestic drywall; amending s. 4 193.1552, F.S.; extending the expiration date of 5 provisions specifying requirements for property 6 appraisers to adjust assessed values of certain 7 properties that are affected by certain imported or 8 domestic drywall; making a technical change; providing 9 an effective date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Section 193.1552, Florida Statutes, is amended 14 to read: 15 193.1552 Assessment of properties affected by imported or 16 domestic drywall.— 17 (1) As used in this section, the term “imported or domestic 18 drywall” means drywall that contains elevated levels of 19 elemental sulfur that results in corrosion of certain metals. 20 (2) When a property appraiser determines that a single 21 family residential property is affected by imported or domestic 22 drywall and needs remediation to bring that property up to 23 current building standards, the property appraiser shall adjust 24 the assessed value of that property by taking into consideration 25 the presence of the imported or domestic drywall and the impact 26 of such drywall on the assessed value. If the building cannot be 27 used for its intended purpose without remediation or repair, the 28 value of such building shall be assessed at the nominal just 29 value of $0. 30 (3) This section applies only to properties in which: 31 (a) Imported or domestic drywall was used in the 32 construction of the property or an improvement to the property. 33 (b) The imported or domestic drywall has a significant 34 negative impact on the just value of the property or 35 improvement. 36 (c) The purchaser was unaware of the imported or domestic 37 drywall at the time of purchase. 38 (4) This section does not apply to property owners who were 39 aware of the presence of imported or domestic drywall at the 40 time of purchase. 41 (5) Homestead property to which this section applies shall 42 be considered damaged by misfortune or calamity under s. 43 193.155(4)(b), except that the 3-year deadline does not apply. 44 (6) Homestead property shall not be considered abandoned 45 when a homeowner vacates such property for the purpose of 46 remediation and repair under this section, provided the 47 homeowner does not establish a new homestead. 48 (7) Upon the substantial completion of remediation and 49 repairs, the property shall be assessed as if such imported or 50 domestic drywall had not been present. 51 (8) This section expiresis repealedJuly 1, 20252017, 52 unless reviewed and reenacted by the Legislature on or before 53 that date. 54 Section 2. This act shall take effect upon becoming a law.