FL S0868

Counties and municipalities may only continue levying business taxes if an appropriate resolution or ordinance was adopted before January 1, 2019, with a maximum tax cap of $25 per taxpayer.

Eliminates procedures requiring 14 days' public notice for new business tax adoptions, except for enterprise zone exemptions which retain the notice requirement.

Reduces the maximum transfer fee for business receipts from $3-$25 to $3-$10 for both new owner transfers and location transfers within the same jurisdiction.

Deletes provisions allowing counties to levy additional business taxes up to 50 percent and removes exceptions from revenue apportionment requirements for certain counties that had established new rate structures.

Eliminates percentage-based increase caps for business taxes that previously allowed increases of up to 200 percent for lower-cost receipts, replacing them with the flat $25 maximum cap.