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 for 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, it allows for new or reenacted taxes to be levied for a maximum term 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 any new or reenacted discretionary sales surtax must be approved by voters in a referendum and may not exceed eight years unless specifically tied to bond servicing. The effective date for the provisions of this act is set for July 1, 2025.

Statutes affected:
S 1664 Filed: 125.0104, 212.0306