Senate Bill sb0344
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Florida Senate - 2006 SB 344
By Senator Siplin
19-209-06
1 A bill to be entitled
2 An act relating to economic development;
3 amending s. 125.0104, F.S., relating to the
4 local option tourist development tax; allowing
5 a county that levies the tax authorized under
6 s. 125.0104(3)(n), F.S., to use the tax
7 proceeds to participate with the state in an
8 economic-development project to attract
9 specified types of high-technology industries
10 to the county; providing an effective date.
11
12 WHEREAS, the commercialization of technologies
13 developed in academic laboratories and research centers
14 through the application of recent innovations is critical for
15 Florida to maintain a competitive economy, and
16 WHEREAS, the development of high-technology industries
17 in Florida, including artificial intelligence, human-centered
18 computing, information technology and communications,
19 biotechnology, bioinformatics, biomedical, electro-optics,
20 life science, nanotechnology, and computer simulation, is
21 critical to the long-term economic vitality of this state, and
22 WHEREAS, high-technology industries will further
23 diversify and strengthen the Florida economy and complement
24 industries that are already recognized as being critical to
25 Florida's economic health, and
26 WHEREAS, attracting leading scholars and researchers in
27 advanced and emerging technology disciplines to Florida's
28 universities is critical to building Florida's knowledge base
29 and will serve a paramount public purpose, NOW, THEREFORE,
30
31 Be It Enacted by the Legislature of the State of Florida:
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Florida Senate - 2006 SB 344
19-209-06
1 Section 1. Paragraph (n) of subsection (3) of section
2 125.0104, Florida Statutes, is amended to read:
3 125.0104 Tourist development tax; procedure for
4 levying; authorized uses; referendum; enforcement.--
5 (3) TAXABLE PRIVILEGES; EXEMPTIONS; LEVY; RATE.--
6 (n) In addition to any other tax that is imposed under
7 this section, a county that has imposed the tax under
8 paragraph (l) may impose an additional tax that is no greater
9 than 1 percent on the exercise of the privilege described in
10 paragraph (a) by a majority plus one vote of the membership of
11 the board of county commissioners in order to:
12 1. Pay the debt service on bonds issued to finance:
13 a. The construction, reconstruction, or renovation of
14 a facility either publicly owned and operated, or publicly
15 owned and operated by the owner of a professional sports
16 franchise or other lessee with sufficient expertise or
17 financial capability to operate such facility, and to pay the
18 planning and design costs incurred prior to the issuance of
19 such bonds for a new professional sports franchise as defined
20 in s. 288.1162.
21 b. The acquisition, construction, reconstruction, or
22 renovation of a facility either publicly owned and operated,
23 or publicly owned and operated by the owner of a professional
24 sports franchise or other lessee with sufficient expertise or
25 financial capability to operate such facility, and to pay the
26 planning and design costs incurred prior to the issuance of
27 such bonds for a retained spring training franchise.
28 2. Promote and advertise tourism in the State of
29 Florida and nationally and internationally; however, if tax
30 revenues are expended for an activity, service, venue, or
31 event, the activity, service, venue, or event shall have as
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Florida Senate - 2006 SB 344
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1 one of its main purposes the attraction of tourists as
2 evidenced by the promotion of the activity, service, venue, or
3 event to tourists.
4 3. Participate with the state in an economic
5 development project for which additional revenues are needed
6 to attract to the county high-technology industries, including
7 information technology and communications, biotechnology,
8 bioinformation, biomedical, electro-optics, life science,
9 nanotechnology, and computer simulation.
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11 A county that imposes the tax authorized in this paragraph may
12 not expend any ad valorem tax revenues for the acquisition,
13 construction, reconstruction, or renovation of a facility for
14 which tax revenues are used pursuant to subparagraph 1. The
15 provision of paragraph (b) which prohibits any county
16 authorized to levy a convention development tax pursuant to s.
17 212.0305 from levying more than the 2-percent tax authorized
18 by this section shall not apply to the additional tax
19 authorized by this paragraph in counties which levy convention
20 development taxes pursuant to s. 212.0305(4)(a). Subsection
21 (4) does not apply to the adoption of the additional tax
22 authorized in this paragraph. The effective date of the levy
23 and imposition of the tax authorized under this paragraph is
24 the first day of the second month following approval of the
25 ordinance by the board of county commissioners or the first
26 day of any subsequent month specified in the ordinance. A
27 certified copy of such ordinance shall be furnished by the
28 county to the Department of Revenue within 10 days after
29 approval of the ordinance.
30 Section 2. This act shall take effect upon becoming a
31 law.
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Florida Senate - 2006 SB 344
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2 SENATE SUMMARY
3 Allows a county that levies a local option tourist
development tax under s. 125.0104(3)(n), F.S., to use the
4 tax proceeds to participate with the state in an
economic-development project to attract specified types
5 of high-technology industries to the county.
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