FL S1174

Reduces the state communications services tax rate from 4.92% to 4.9% on retail sales of communications services

Streamlines local communications services tax rates across 480+ jurisdictions to a flat 4% for charter counties and municipalities and 2% for noncharter counties, effective January 1, 2022

Expands the definition of "video service" to include rentals and subscriptions to digital video content delivered by download or streaming where access expires at a specific time

Requires local governments with tax rates above 5% to reduce rates to 5% or less by January 1, 2021, with further reductions to the flat rates by January 1, 2022

Authorizes the Legislature to appropriate funds to offset revenue shortfalls for jurisdictions where reduced tax rates would cause insufficient funds to meet bond debt service obligations outstanding as of January 1, 2020