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 a specified expiration date. The bill outlines that any tax in effect as of June 30, 2025, must be renewed by January 1, 2033, or it will expire. Additionally, it requires that ordinances related to these taxes must include specific information if certain conditions are met, particularly if the tax proceeds are intended for servicing bond indebtedness.

The bill also includes provisions to 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 any tax or surtax requiring voter approval must have an expiration date and be subject to majority approval in subsequent referendums to remain in effect. 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