
Florida's lawmakers have gotten a head start on a property tax fix, days before a special session on that subject is set to begin in Tallahassee.
On Friday, lawmakers agreed on a $31.6-billion property tax cut during the next five years.
Cities and counties next year would be prohibited from increasing their property tax income and most would be required to cut it by various amounts up to 9 percent depending on how much they have increased taxes over the past five years.
Those cuts could start later this year.
The "Save our Homes" plan would be replaced with a "Super Exemption." The minimum exemption will be $50,000 per household. That's double the current $25,000 exemption.
Small businesses also will receive an extra tangible personal property exemption.
These decision are not final. They're just a preview of what's coming next week when state lawmakers convene on Tuesday for the special session.
The tax cuts being touted would be the biggest in Florida's history and slightly less than a compromise Gov. Charlie Crist had proposed.
That was after the House and Senate were unable to agree on an amount during the Legislature's 2007 regular session, which ended in May.