SB 1832 Summary

• Establishes a Joint Legislative Review Committee to conduct comprehensive, periodic reviews of all Florida sales tax exemptions and service exclusions, evaluating them against six taxation principles (equity, simplicity, neutrality, stability, integration, and public purpose).

• Requires the committee to submit initial reports on exemptions in three phases (by November 1, 2012, March 1, 2013, and July 1, 2013), then review one-third of exemptions every 3 years on a 9-year cycle, with recommendations for retention, modification, or repeal.

• Mandates the Legislature introduce bills to reenact, modify, or repeal recommended exemptions, with each bill limited to a single exemption and subject to a vote by the eighth week of the legislative session.

• Automatically repeals any exemption not reenacted or modified by the end of the regular session following each 9-year review period, unless prohibited from review (such as exemptions for groceries, medical products, guide dogs, hospital meals, household fuels, and school materials).

• Immediately repeals ten specific tax exemption statutes effective July 1, 2015, and schedules future repeals of broad exemption provisions in sections 212.02, 212.03, 212.04, 212.05, 212.06, 212.07, 212.081, 212.12, 212.20, and 376.75, with certain residential housing and federally-mandated exemptions preserved.