| 1 | A bill to be entitled |
| 2 | An act relating to local business taxes; amending s. |
| 3 | 205.033, F.S.; specifying additional uses of business tax |
| 4 | revenues; providing an effective date. |
| 5 |
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| 6 | Be It Enacted by the Legislature of the State of Florida: |
| 7 |
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| 8 | Section 1. Paragraph (b) of subsection (6) of section |
| 9 | 205.033, Florida Statutes, is amended to read: |
| 10 | 205.033 Conditions for levy; counties.-- |
| 11 | (6) |
| 12 | (b) Subsections (4) and (5) do not apply to any revenues |
| 13 | derived from the additional tax imposed under this subsection. |
| 14 | Proceeds from the additional business tax must be placed in a |
| 15 | separate interest-earning account, and the governing body of the |
| 16 | county shall distribute this revenue, plus accrued interest, |
| 17 | each fiscal year to an organization or agency designated by the |
| 18 | governing body of the county to oversee and implement a |
| 19 | comprehensive economic development strategy through advertising, |
| 20 | promotional activities, and other sales and marketing |
| 21 | techniques. Revenues from the business tax may also be used by |
| 22 | the organization or agency for the attraction, retention, and |
| 23 | expansion of small businesses within the county. |
| 24 | Section 2. This act shall take effect July 1, 2007. |