HB 907 Summary

• Creates a Joint Legislative Review Committee to conduct comprehensive periodic reviews of all Florida sales and use tax exemptions and service exclusions, with initial reviews due by July 1, 2013, followed by recurring 9-year review cycles.

• Establishes evaluation criteria based on principles of equity, simplicity, neutrality, stability, integration, and public purpose to assess whether exemptions should be retained, modified, or repealed.

• Protects certain essential exemptions from review and repeal, including those for groceries, medical products, guide dogs for the blind, hospital meals and rooms, household fuels, meals by nonprofits, and K-12 school books and lunches.

• Requires the committee to introduce legislation after each review report, with bills limited to single exemptions and subject to floor votes by the eighth week of the session; any exemption not reenacted after 9 years automatically sunsets on July 1.

• Repeals numerous specific tax exemptions effective July 1, 2015, unless modified or reenacted, including exemptions for farm equipment, trade-ins, enterprise zone credits, and various other provisions in Florida Statutes chapter 212.