This bill amends various sections of the Florida Statutes to introduce new tax provisions and revise existing regulations, particularly focusing on tourism, agriculture, and charitable contributions. It establishes an annual limit of $50 million on tourist development tax revenues for promoting tourism and modifies the assessment of citrus packinghouse equipment affected by citrus greening, valuing it at salvage for the 2025 tax roll. The bill also extends the classification period for agricultural lands taken out of production due to state or federal programs from five to ten years, ensuring minimal assessment during this time. Additionally, it enhances procedures for value adjustment board hearings, allowing electronic appearances and clarifying timelines for contesting tax assessments.

Furthermore, the bill creates the Rural Community Investment Program, which provides tax credits for investments in rural areas, and introduces the Home Away From Home Tax Credit for contributions to eligible charitable organizations. It establishes a sales tax holiday for disaster preparedness supplies and outlines new tax exemptions for clothing priced at $75 or less, while also delaying potential increases in local communications services tax until 2031. The legislation mandates a study on property tax structures and allocates funds for this purpose, aiming to streamline tax processes and provide economic relief across various sectors in Florida.

Statutes affected:
S 7034 Filed: 125.0104, 193.4516, 193.461, 194.014, 194.171, 196.151, 196.198, 212.06, 212.08, 220.02, 402.62, 561.121, 624.509, 1002.945