Senate Bill sb2532

    Florida Senate - 2005                                  SB 2532

    By Senator Argenziano





    3-1050A-05                                              See HB

  1                      A bill to be entitled

  2         An act relating to payments in lieu of taxes;

  3         amending s. 373.59, F.S.; deleting a 10-year

  4         limitation on such payments; subjecting such

  5         payments to certain indexes used by the

  6         Governor in funding rural initiatives; amending

  7         s. 373.5905, F.S., to conform; providing an

  8         effective date.

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

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12         Section 1.  Paragraph (b) of subsection (10) of section

13  373.59, Florida Statutes, is amended, and paragraph (h) is

14  added to that section, to read:

15         373.59  Water Management Lands Trust Fund.--

16         (10)

17         (b)  Payment in lieu of taxes shall be available:

18         1.  To all counties that have a population of 150,000

19  or fewer. Population levels shall be determined pursuant to s.

20  11.031.

21         2.  To all local governments located in eligible

22  counties and whose lands are bought and taken off the tax

23  rolls.

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25  For properties acquired after January 1, 2000, in the event

26  that such properties otherwise eligible for payment in lieu of

27  taxes under this subsection are leased or reserved and remain

28  subject to ad valorem taxes, payments in lieu of taxes shall

29  commence or recommence upon the expiration or termination of

30  the lease or reservation, but in no event shall there be more

31  than a total of 10 annual payments in lieu of taxes for each

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






    Florida Senate - 2005                                  SB 2532
    3-1050A-05                                              See HB




 1  tax loss. If the lease is terminated for only a portion of the

 2  lands at any time, the 10 annual payments shall be made for

 3  that portion only commencing the year after such termination,

 4  without limiting the requirement that 10 annual payments shall

 5  be made on the remaining portion or portions of the land as

 6  the lease on each expires. For the purposes of this

 7  subsection, "local government" includes municipalities, the

 8  county school board, mosquito control districts, and any other

 9  local government entity which levies ad valorem taxes.

10         (h)  Payments in lieu of taxes made pursuant to this

11  subsection shall be subject to the same indexes the Governor

12  uses for funding rural initiatives.

13         Section 2.  Section 373.5905, Florida Statutes, is

14  amended to read:

15         373.5905  Reinstitution of payments in lieu of taxes;

16  duration.--If a water management district has made a payment

17  in lieu of taxes to a governmental entity and subsequently

18  suspended such payment, the water management district shall

19  reinstitute appropriate payments and continue the payments in

20  consecutive years until the governmental entity has received a

21  total of 10 payments for each tax loss.

22         Section 3.  This act shall take effect July 1, 2005.

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