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, for taxes in effect as of June 30, 2025. The bill also establishes that ordinances imposing these taxes will expire eight years after their effective date but can be renewed for additional eight-year periods, contingent upon voter approval. Additionally, new or reenacted taxes may be levied for a maximum of 30 years if the proceeds are designated for servicing bond indebtedness.

Furthermore, the bill includes provisions that protect the rights of bondholders by ensuring that the state will not impair or materially alter their rights regarding bonds issued before July 1, 2025. It also clarifies that certain existing provisions do not apply to the adoption of additional taxes authorized under the new regulations. The effective date for the changes outlined in the bill is set for July 1, 2025.

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