FL H0791

Increases Florida's sales and use tax rate from 6% to 9% on tangible personal property sold at retail

Dedicates one-third of all sales tax proceeds collected under the new rate to fund the Florida Education Finance Program

Creates a new 5% property sales surtax on real estate transactions that are subject to documentary stamp taxes under ss. 201.02 or 201.133

Requires the Department of Revenue to distribute all property surtax revenues to the county where the property is located

Takes effect contingent upon voter approval of a State Constitution amendment proposed by HJR 787 at the next general election or authorized special election