The bill CS/CS/HB 1221 amends Florida's statutes regarding tourist development taxes and local option taxes, particularly focusing on the management and allocation of tax revenues. It removes certain definitions and requirements related to the tourist development council, allowing counties greater flexibility in utilizing tax revenues for ongoing projects, existing contracts, and servicing debts starting July 1, 2025. The bill mandates a reduction in ad valorem tax levies by at least 75% of the previous fiscal year's adjusted collections beginning in the 2026-2027 fiscal year. Additionally, it expands the permissible uses of tax revenues to include any public purpose, such as the repayment of bonded indebtedness, while emphasizing the need for independent analysis to demonstrate the positive impact on tourism-related businesses.

Furthermore, the bill introduces new compliance and auditing requirements for local governmental entities, including a mandate for the Auditor General to contact noncompliant local governments for evidence of corrective actions. It establishes that audits must include an affidavit from the governing board chair regarding compliance with financial provisions. The bill also modifies existing provisions related to the issuance of revenue bonds and the expiration of local option food and beverage tax ordinances, ensuring that these taxes are subject to renewal through a referendum after eight years. Overall, the bill aims to streamline the management of tourist development funds, enhance operational capabilities for tourism promotion agencies, and ensure compliance with updated legislative requirements, with an effective date set for 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