FL S1742

Proposes a new Section 19 of Article VII of the Florida Constitution requiring three-fifths supermajority vote in both houses of the Legislature to pass any law that imposes a new tax, increases tax rates, or expands a tax base that results in a net increase in state revenues.

Defines "expands a tax base" as broadening the scope of a tax to include additional classes of property, activity, or income, but excludes amendments or repeals of credits or exemptions.

Defines "net increase in state revenues" as tax increases in the law minus any revenue reductions, determined by annual net revenues in the first fiscal year when all bill changes are fully effective, with increases of less than 1% of the tax increases not considered a net increase.

Exempts from the supermajority requirement any taxes imposed by counties, municipalities, school boards, or special districts, and does not authorize taxes otherwise prohibited by the state constitution.

Requires submission of the amendment to Florida voters for approval or rejection at the next general election or earlier special election authorized by law.