The bill amends chapter 98-501 of the Laws of Florida, specifically revising the taxation authority of the Central Broward Water Control District. It allows the board of commissioners to levy taxes on land and improvements within the district, removing the previous restrictions that limited taxation to land only. The maximum tax rate is set at 5 mills per dollar of taxable valuation, replacing the term "assessed" valuation with "taxable" valuation to clarify the basis for taxation.

Additionally, the bill outlines the process for certifying the necessary taxes to the Property Appraiser of Broward County, ensuring that these taxes are placed on the tax rolls and collected by the Revenue Collector. The taxes levied will create a lien against the property within the district, enforceable under existing laws. The act is set to take effect upon becoming law.