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The Florida Senate

2020 Florida Statutes

Title XIV TAXATION AND FINANCE
Chapter 218 FINANCIAL MATTERS PERTAINING TO POLITICAL SUBDIVISIONS Entire Chapter
SECTION 131
Offset for tax loss associated with reductions in value of certain residences due to specified hurricanes.
F.S. 218.131
218.131 Offset for tax loss associated with reductions in value of certain residences due to specified hurricanes.—
(1) In the 2019-2020 fiscal year, the Legislature shall appropriate moneys to offset the reductions in ad valorem tax revenue experienced by Monroe County and by fiscally constrained counties, as defined in s. 218.67(1), and all taxing jurisdictions within such counties, which occur as a direct result of the implementation of s. 197.318. The moneys appropriated for this purpose shall be distributed in June 2020 among the affected taxing jurisdictions based on each jurisdiction’s reduction in ad valorem tax revenue resulting from the implementation of s. 197.318.
(2) On or before November 15, 2019, each affected taxing jurisdiction shall apply to the Department of Revenue to participate in the distribution of the appropriation and provide documentation supporting the taxing jurisdiction’s reduction in ad valorem tax revenue in the form and manner prescribed by the department. The documentation must include a copy of the notice required by s. 197.318(4)(b) from the tax collector who reports to the affected taxing jurisdiction the reduction in ad valorem taxes it will incur as a result of implementation of s. 197.318. If Monroe County, a fiscally constrained county, or an eligible taxing jurisdiction within such county fails to apply for the distribution, its share shall revert to the fund from which the appropriation was made.
History.—s. 41, ch. 2018-118; s. 7, ch. 2019-42.