The bill CS/CS/HB 1221 amends section 125.0104 of the Florida Statutes concerning local option taxes, particularly the tourist development tax. It eliminates certain definitions and requirements for tourist development councils, revising the purposes for which tax revenues can be utilized. The bill mandates that tax revenues be allocated for specific projects, prohibits the renewal or extension of certain contracts, and allows for the refinancing of bonds under specified conditions. Additionally, it introduces a requirement for a reduction in ad valorem tax starting in a designated year and dissolves certain tourist development councils by December 31, 2025. The bill also establishes that any ordinance levying a local option food and beverage tax will expire after eight years unless reenacted through a referendum.

Moreover, the bill enhances the flexibility of tax revenue usage, allowing counties to apply funds for ongoing projects, existing contracts, and servicing bonds as of July 1, 2025. It introduces the concept of "adjusted collections" for surplus funds, which must be used to reduce ad valorem tax levies by at least 75% in the following fiscal year. The responsibilities of county tourist development councils are modified to include a more active role in reviewing expenditures. The bill also clarifies compliance and auditing processes for local governmental entities, requiring the Auditor General to ensure adherence to specific provisions and enhancing accountability in financial operations. The bill is set to take effect on July 1, 2025.

Statutes affected:
H 1221 Filed: 125.0104, 212.0306
H 1221 c1: 125.0104, 212.0306
H 1221 c2: 72.011, 72.031, 212.181
H 1221 e1: 212.0306, 72.011, 72.031, 212.181, 11.40, 215.97, 218.32