The bill amends several sections of Florida Statutes related to local option taxes, specifically focusing on the procedures for levying and renewing these taxes. It requires that specified taxes must be renewed by an ordinance approved through a referendum, with a deadline for renewal set before January 1, 2033, to remain in effect. Additionally, the bill establishes that any ordinance imposing a tax will expire eight years after its effective date but can be renewed for subsequent eight-year periods, contingent upon voter approval. New provisions also allow for a new or reenacted tax to be levied for a maximum of 30 years if the proceeds are designated for servicing bond indebtedness.

Furthermore, the bill includes a covenant to protect the rights of bondholders for debts incurred before July 1, 2025, ensuring that the state will not impair or materially alter their rights. It also clarifies that certain existing provisions do not apply to the adoption of additional taxes authorized under the new amendments. The effective date for these changes is set for July 1, 2025.

Statutes affected:
H 1221 Filed: 125.0104, 212.0306