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Live Local Act ‘Glitch Bill’ Highlights Property Tax Exemption Risk

On Feb. 28, 2024, the Florida Legislature passed Senate Bill (SB) 328, the Live Local Act “glitch bill,” amending and clarifying 2023’s Live Local Act affordable housing law,1 and the bill is on its way to Gov. DeSantis’ desk for signature. If signed into law, SB 328 would, among other changes, make three modifications to the property tax exemption for affordable multifamily middle-income rental units, one of which – although necessary to comply with requirements under Florida’s constitution – could make it more difficult to obtain the exemption.

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