The bill amends Chapter 98-501 of the Laws of Florida, specifically Section 12, which pertains to the taxation authority of the Central Broward Water Control District. The key change allows the board of commissioners to levy taxes on land and improvements thereon, removing the previous restrictions that limited taxation to land only. The maximum tax rate is set at 5 mills per dollar of taxable valuation, with the tax rate for each calendar year defaulting to this maximum unless the board decides otherwise.

Additionally, the bill outlines the process for certifying the necessary taxes to the Property Appraiser of Broward County, ensuring that these taxes are placed on the tax rolls and collected by the Revenue Tax Collector. The taxes levied will create a lien against the property within the district, enforceable under Florida law. The act is set to take effect upon becoming law.