FL S0406

Individual and corporate bidders are limited to submitting only one bid per certificate and cannot use multiple federal employer identification numbers to circumvent this restriction.

Bidders who violate the single-bid requirement shall be barred from participating in any county tax certificate sales for 2 consecutive years following identification and verification of the violation.

Tax collectors must continue awarding certificates to the bidder offering the lowest interest rate (in increments of one-quarter of 1 percent), with ties resolved by first bid received or random-number generator.

The amendment to section 197.432 is incorporated by reference into sections 190.024 and 197.263(5) relating to tax liens and deferred tax sales.

Effective date: July 1, 2015.