• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Featured
  • Leaders
  • Government
  • Industry
  • Education
  • Opinion
You are here: Home / Archives for Florida Property Owners

Florida Property Owners

Senator Linda Stewart Files Bill to Extend Relief to Florida Property Owners

Posted on February 21, 2017

State Senator Linda Stewart (D-Orlando) on Wednesday filed legislation to ensure that property owners continue to be a priority after the drywall crisis that struck Florida’s real estate market in the mid-2000s.
“Too many Floridians have been subjected to financial loss because of the influx of tainted drywall entering our markets,” said Stewart. “When property values are lowered due to defective building materials, it is ordinary Floridians who must pay the price,” she went on to say.
Corrosive drywall lowers the value of properties and can have a heavy financial impact on property owners. In addition, imported and domestic drywall can contain high levels of toxins, such as sulfur, that have reportedly been responsible for causing respiratory problems, bloody noses, migraines, as well as failures of appliances and electronics.
A 2010 statute addressed these situations by providing relief in property taxes of affected properties, giving homeowners some breathing room to begin needed repairs. Senate Bill 948 extends the expiration date of the statute.
Currently set to expire July 1, 2017, SB 948 extends the provisions until 2025, adding eight more years to ensure that property owners statewide have the financial security to replace or repair drywalls in affected properties.
Senate Bill 950 is being introduced in the House by Representative Slosberg as House Bill 717.
“From 1999-2009 3,630,000 sheets of tainted corrosive drywall were delivered to Florida alone,” said Slosberg. “Since the market value of the property affected is substantially lowered, homeowners are being indirectly punished as they lose thousands of dollars. It is imperative that the State extend the time period and continue to offer relief to those affected.”

Filed Under: Featured Tagged With: Bill to Extend Relief, Florida Property Owners, Senator Linda Stewart

Primary Sidebar

    Submit News    

Commissioner Wilton Simpson Announces Florida Agricultural Losses Estimated at Over $447 Million Following Hurricane Idalia

Commissioner of Agriculture Wilton Simpson today announced the Florida Department of Agriculture and Consumer … [Read More...] about Commissioner Wilton Simpson Announces Florida Agricultural Losses Estimated at Over $447 Million Following Hurricane Idalia

Commissioner Wilton Simpson Announces Preliminary Damage Assessment for Timber Following Hurricane Idalia

Commissioner of Agriculture Wilton Simpson today announced the release of the Florida Department of … [Read More...] about Commissioner Wilton Simpson Announces Preliminary Damage Assessment for Timber Following Hurricane Idalia

Governor Ron DeSantis Highlights Hurricane Idalia Recovery Resources

Governor Ron DeSantis today highlighted ongoing recovery resources … [Read More...] about Governor Ron DeSantis Highlights Hurricane Idalia Recovery Resources

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Featured
  • Leaders
  • Government
  • Industry
  • Education
  • Opinion

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2023 Capital Soup · All Rights Reserved ·