House Bill 3441

    Florida House of Representatives - 1998                HB 3441

        By Representatives Melvin and Peaden






  1                      A bill to be entitled

  2         An act relating to the local option tourist

  3         development tax; amending s. 125.0104, F.S.;

  4         revising provisions which authorize imposition

  5         of an additional tax to pay debt service on

  6         bonds issued to finance construction or

  7         renovation of a professional sports franchise

  8         facility or convention center; removing a

  9         condition on use of tax revenues for a

10         convention center; providing an effective date.

11

12  Be It Enacted by the Legislature of the State of Florida:

13

14         Section 1.  Paragraph (l) of subsection (3) of section

15  125.0104, Florida Statutes, is amended to read:

16         125.0104  Tourist development tax; procedure for

17  levying; authorized uses; referendum; enforcement.--

18         (3)  TAXABLE PRIVILEGES; EXEMPTIONS; LEVY; RATE.--

19         (l)  In addition to any other tax which is imposed

20  pursuant to this section, a county may impose up to an

21  additional 1-percent tax on the exercise of the privilege

22  described in paragraph (a) by majority vote of the governing

23  board of the county in order to:

24         1.  Pay the debt service on bonds issued to finance the

25  construction, reconstruction, or renovation of a professional

26  sports franchise facility, either publicly owned and operated,

27  or publicly owned and operated by the owner of a professional

28  sports franchise or other lessee with sufficient expertise or

29  financial capability to operate such facility, and to pay the

30  planning and design costs incurred prior to the issuance of

31  such bonds.

                                  1

CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 1998                HB 3441

    556-154-98






  1         2.  Pay the debt service on bonds issued to finance the

  2  construction, reconstruction, or renovation of a convention

  3  center, and to pay the planning and design costs incurred

  4  prior to the issuance of such bonds.

  5         3.  Only counties that have elected to levy the tax

  6  initially for the purposes authorized in subparagraph 1. may

  7  use the tax for the purposes enumerated in subparagraph 2.

  8

  9  The provision of paragraph (b) which prohibits any county

10  authorized to levy a convention development tax pursuant to s.

11  212.0305 from levying more than the 2-percent tax authorized

12  by this section, and the provisions of paragraphs (4)(a)

13  through (d), shall not apply to the additional tax authorized

14  in this paragraph. The effective date of the levy and

15  imposition of the tax authorized under this paragraph shall be

16  the first day of the second month following approval of the

17  ordinance by the governing board or the first day of any

18  subsequent month as may be specified in the ordinance.  A

19  certified copy of such ordinance shall be furnished by the

20  county to the Department of Revenue within 10 days after

21  approval of such ordinance.

22         Section 2.  This act shall take effect upon becoming a

23  law.

24

25            *****************************************

26                          HOUSE SUMMARY

27
      Revises provisions which authorize imposition of an
28    additional local option tourist development tax to pay
      debt service on bonds issued to finance construction or
29    renovation of a professional sports franchise facility or
      convention center, to remove a condition on use of tax
30    revenues for a convention center.

31

                                  2