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FL H0503
Bill
Status
Failed
6/16/2025
Primary Sponsor
Adam Botana
Click for details
AI Summary
- Counties and municipalities that adopted a business tax ordinance before July 1, 2025, may not increase or modify their tax rate structure or classifications beginning October 1, 2025, though they may repeal existing ordinances
- Total revenue generated by local business taxes each fiscal year may not exceed the "revenue base," defined as the greater of total revenue for the fiscal year ending September 30, 2024, or September 30, 2025
- Beginning October 1, 2026, if a local government's business tax revenue exceeds the revenue base, it must adopt an ordinance proportionally adjusting rates downward by January 1 and issue refunds to affected businesses by February 1
- Audits of local government financial statements submitted to the Auditor General must be accompanied by an affidavit from the governing board chair certifying compliance with the revenue cap provisions, or describing any noncompliance and corrective actions taken
- Fiscally constrained counties as described in s. 218.67(1), and municipalities located entirely within such counties, are exempt from the revenue cap and rate reduction requirements; the act takes effect July 1, 2025
Legislative Description
Local Business Taxes
Last Action
Died in State Affairs Committee
6/16/2025
Committee Referrals
State Affairs3/19/2025
Intergovernmental Affairs Subcommittee3/13/2025
Ways and Means Committee2/19/2025
Full Bill Text
No bill text available