This bill amends several sections of Florida Statutes related to local option taxes, specifically focusing on the requirements for the renewal and reenactment of these taxes. It mandates that certain taxes must be renewed or reenacted through an ordinance approved by referendum, with specific expiration dates established. The bill introduces new provisions that require any tax in effect as of June 30, 2025, to be renewed or reenacted by January 1, 2033, or by its existing expiration date, whichever is later. Additionally, it stipulates that any tax must have an expiration date and be subject to voter approval in a subsequent referendum to remain in effect.

The bill also includes provisions that protect the rights of bondholders by ensuring that the state will not impair or materially alter their rights due to changes made by this act. It specifies that if tax proceeds are used for servicing bond indebtedness, the ordinance must detail the purpose and maximum duration of such indebtedness, not exceeding 30 years. Furthermore, the referendum question must clearly state the intended use of the tax proceeds. The effective date for these changes is set for July 1, 2025.

Statutes affected:
S 1664 Filed: 125.0104, 212.0306
S 1664 c1: 125.0104, 212.0306
S 1664 c2: 125.0104, 212.0306