House Bill 1905e1

                                          HB 1905, First Engrossed



  1                      A bill to be entitled

  2         An act relating to taxation; amending s.

  3         218.503, F.S.; authorizing certain

  4         municipalities to impose a discretionary

  5         per-vehicle surcharge on the gross revenues of

  6         the sale, lease, or rental of space at parking

  7         facilities within the municipality that are

  8         open for use to the public; providing for use

  9         of surcharge proceeds; providing for repeal;

10         providing an effective date.

11

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

13

14         Section 1.  Subsection (5) is added to section 218.503,

15  Florida Statutes, to read:

16         218.503  Determination of financial emergency.--

17         (5)(a)  The governing authority of any municipality

18  with a resident population of 300,000 or more on April 1,

19  1999, and which has been declared in a state of financial

20  emergency pursuant to this section within the previous 2

21  fiscal years may impose a discretionary per-vehicle surcharge

22  of up to 20 percent on the gross revenues of the sale, lease,

23  or rental of space at parking facilities within the

24  municipality that are open for use to the general public.

25         (b)  A municipal governing authority that imposes the

26  surcharge authorized by this subsection may use the proceeds

27  of such surcharge for the following purposes only:

28         1.  No less than 60 and no more than 80 percent of the

29  surcharge proceeds shall be used by the governing authority to

30  reduce its ad valorem tax millage rate or to reduce or

31  eliminate non-ad valorem assessments.


                                  1

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






                                          HB 1905, First Engrossed



  1         2.  A portion of the balance of the surcharge proceeds

  2  shall be used by the governing authority to increase its

  3  budget reserves; however, the governing authority shall not

  4  reduce the amount it allocates for budget reserves from other

  5  sources below the amount allocated for reserves in the fiscal

  6  year prior to the year in which the surcharge is initially

  7  imposed. When a 15 percent budget reserve is achieved, based

  8  on the average gross revenue for the most recent 3 prior

  9  fiscal years, the remaining proceeds from this subparagraph

10  shall be used for the payment of annual debt service related

11  to outstanding obligations backed or secured by a covenant to

12  budget and appropriate from non-ad valorem revenues.

13         (c)  This subsection is repealed on June 30, 2006.

14         Section 2.  This act shall take effect July 1, 1999.

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31


                                  2