Proposal offers 20-year property tax break for upgrading Florida homes built before 1990

A proposal in Florida suggests offering a 20-year property tax break for homeowners with houses built before 1990, encouraging upgrades to meet modern building codes. This initiative aims to enhance storm resilience, potentially lowering insurance premiums and reducing recovery costs for local governments after hurricanes. The plan, proposed by Senate Banking and Insurance Chairman Blaise Ingoglia, currently lacks support from the governor and Senate leadership but could significantly benefit coastal communities vulnerable to storm damage.