FL H1171

Amends chapter 2012-45 of Florida law to revise tax and assessment revenue distribution between Martin County and St. Lucie County for territory transferred from St. Lucie to Martin County.

Requires St. Lucie and Martin County governing bodies to enter an interlocal agreement by May 1, 2013, providing a financially feasible plan for transfer of services, personnel, and public infrastructure, including compensation for St. Lucie County infrastructure investments minus depreciation.

Defines "tax and assessment revenue" as total tax and assessment revenue collected in fiscal year 2013-2014 by St. Lucie County taxing authorities in the transferred area, excluding non-ad valorem solid waste assessments and South Florida Water Management District or Florida Inland Navigation District payments.

Requires Martin County to transmit to St. Lucie County the base year 2013-2014 tax and assessment revenue less 10 percent, with annual reductions of 10 percent of the base amount continuing through fiscal year 2022-2023.

Changes distribution date from June 30 to within 30 days after the beginning of each calendar year, and allows St. Lucie County to receive the same percentage distribution on revenues exceeding the base amount by more than 3 percent.