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FL S0278
Bill
AI Summary
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Creates section 189.056, Florida Statutes, authorizing municipalities with populations exceeding 400,000 in specific counties to levy an ad valorem tax on real and personal property in downtown development districts.
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Allows an ad valorem tax rate of up to 0.475 mill to finance downtown district operations, subject to dependent special district limitations under section 200.001(8)(d).
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Applies only to municipalities located in counties as defined in section 125.011(1), recognizing charter counties' traditional home rule powers.
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Expresses legislative intent to encourage downtown revitalization in large municipalities experiencing urban blight while respecting county autonomy.
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Becomes effective July 1, 2015.
Legislative Description
Downtown Development Districts
Last Action
Chapter No. 2015-43
5/22/2015