This 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 certain taxes, including the tourist development tax and local option food and beverage tax, must be renewed or reenacted through an ordinance approved by referendum. The bill stipulates that these taxes must have an expiration date and outlines the necessary conditions for their renewal, including the requirement for specific information to be included in the ordinances if certain conditions are met. Additionally, it establishes that any tax in effect on June 30, 2025, must be reenacted by January 1, 2033, or it will expire.

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 mandates that any tax or surtax that is required to be approved by voters must specify its purpose, particularly if the proceeds will be used for servicing bond indebtedness. The effective date for these changes is set for July 1, 2025. Key insertions in the bill include requirements for expiration dates and voter approval for taxes, as well as the need for detailed information in ordinances related to bond indebtedness.

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