Senate Bill sb0010B

    Florida Senate - 2005        (Corrected Copy)          SB 10-B

    By Senator Atwater





    25-740B-06

  1                      A bill to be entitled

  2         An act relating to the payment of ad valorem

  3         taxes; allowing the governing body of a county

  4         that has been declared a major disaster area to

  5         adopt an ordinance extending the time in which

  6         property tax payments made by individuals

  7         qualify for early-payment discounts; providing

  8         options that counties may choose; providing for

  9         expiration of the act; providing an effective

10         date.

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

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14         Section 1.  (1)  Notwithstanding s. 197.162, Florida

15  Statutes, upon an affirmative vote of the governing body of

16  any county that has been declared a major disaster area

17  approved for individual assistance by the President of the

18  United States, the property tax payment made by an owner of

19  property in that county is eligible for an early-payment

20  discount. The county governing body may adopt any or all of

21  the following options for such discounts:

22         (a)  Four percent for a payment made by January 31,

23  2006.

24         (b)  Three percent for a payment made by February 28,

25  2006.

26         (c)  Two percent for a payment made by March 31, 2006.

27         (2)  Subsection (1) does not apply to payments made on

28  behalf of property owners by financial institutions.

29         (3)  This section expires April 1, 2006.

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

31  law.

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






    Florida Senate - 2005        (Corrected Copy)          SB 10-B
    25-740B-06




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 2                          SENATE SUMMARY

 3    Allows the governing body of a county that has been
      declared a major disaster area to adopt an ordinance
 4    extending the time in which ad valorem tax payments made
      by individuals qualify for early-payment discounts.
 5    Provides that counties may choose among options for
      percentage of the discount and qualifying payment
 6    deadlines.

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