Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.

HB 1547 would exclude the value of accessibility improvements (like ramps or accessible entrances) from property tax calculations if their primary purpose is meeting ADA standards. It directly affects property owners who make such upgrades to buildings or facilities. The bill requires that the improvement or feature must comply with the 2010 ADA Standards (or future standards) for accessible design. This exclusion applies only to improvements made on or after January 1, 2025, and takes effect January 1, 2026, contingent on voter approval of a related constitutional amendment.