FL S0466

Expands uses of tourist development tax proceeds to include debt service on bonds for construction, reconstruction, or renovation of professional sports facilities on publicly owned land and convention center expansion or reconstruction.

Allows counties that have imposed a tourist development tax to impose an additional tax up to 1 percent with a majority plus one vote of county commissioners, effective the first or second month following ordinance approval.

Requires private contributions equal to at least 43 percent of dedicated tax revenues for professional sports facilities that are not publicly owned, with contributions made before or simultaneously with tax revenue contribution.

Limits tax revenues used for convention centers and tourism promotion to no more than 49.9 percent of total tax revenues in counties initially imposing the tax on or after January 1, 2012.

Prohibits the additional tax in counties levying convention center taxes under section 212.0304(4)(c), (d), and (e), but allows its levy in cities and towns with existing municipal resort taxes for bonds issued no later than December 14, 2015.