Amendment
Bill No. 0002D

Amendment No. 439027

CHAMBER ACTION
Senate		House
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1	Representative(s) Robaina offered the following:
2
3	Amendment to Senate Amendment (583214) (with directory,
4	schedule, ballot, and title amendments)
5	On page 12, between line(s) 1 and 2,
6
7	insert:
8	SECTION 19.  State sales tax increase; required local
9	effort.--The legislature shall provide for an increase in the
10	rate of the state tax on sales, use, and other transactions
11	imposed by general law by an additional two percent (2%). The
12	legislature shall apply each year the amount of additional
13	revenues generated by the increase in the state tax on sales,
14	use, and other transactions required by this section to reduce
15	the required local effort imposed upon school districts for
16	funding education finance as required by general law.
17
18
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20	D I R E C T O R Y  A M E N D M E N T
21	On page 1, line(s) 18 and 19,
22	remove:  all of said lines,
23
24	and insert:
25	That the following amendments to Sections 3, 4, and 6 and
26	the creation of Section 19 of Article VII and the creation of
27	Sections 27 and 28 of Article XII
28
29	-----------------------------------------------------
30	S C H E D U L E  A M E N D M E N T
31	On page 12, line(s) 4-10,
32	remove:  all of said lines,
33
34	and insert:
35	SECTION 27.  State sales tax increase; annual appropriation
36	to fund required local effort.--During the next regular session
37	of the legislature after the effective date of the creation of
38	Section 19 of Article VII, the legislature shall provide by
39	general law for an increase of two percent in the rate of the
40	state tax on sales, use, and other transactions. The legislature
41	shall appropriate each year an amount equal to the total amount
42	generated by the two percent increase in the rate of the state
43	tax on sales, use, and other transactions for the purpose of
44	reducing the required local effort imposed upon school districts
45	for funding education finance as required by general law.
46	SECTION 28.  Property tax exemptions; limitations on
47	property tax exemptions; state sales tax increase; annual
48	appropriation to fund required local effort.--The amendments to
49	Sections 3, 4, and 6 of Article VII, providing a $25,000
50	exemption for tangible personal property, providing an
51	additional $25,000 homestead exemption, authorizing transfer of
52	the accrued benefit from the limitations on the assessment of
53	homestead property, the creation of Section 19 of Article VII
54	and Section 27 of this Article, requiring the legislature to
55	increase the state sales and use tax and appropriate additional
56	revenues from the increase to reduce the required local effort
57	imposed upon school districts, and this section, if submitted to
58	the electors of
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61	B A L L O T  A M E N D M E N T
62	On page 13, line 4, through page 14, line 14
63	remove:  all of said lines,
64
65	and insert:
66	ARTICLE VII, SECTIONS 3, 4, 6, AND 19
67	ARTICLE XII, SECTIONS 27 AND 28
68	PROPERTY TAX EXEMPTIONS; LIMITATIONS ON PROPERTY TAX
69	ASSESSMENTS; STATE SALES TAX INCREASE; SCHOOL DISTRICT
70	APPROPRIATIONS.--This revision proposes changes to the State
71	Constitution relating to property taxation. With respect to
72	homestead property, this revision: (1) increases the homestead
73	exemption except for school district taxes and (2) allows
74	homestead property owners to transfer up to $500,000 of their
75	Save-Our-Homes benefits to their next homestead. With respect to
76	nonhomestead property, this revision (3) provides a $25,000
77	exemption for tangible personal property and (4) limits
78	assessment increases for specified nonhomestead real property
79	except for school district taxes. Further, this revision (5)
80	provides for a 2-percent increase in the state sales and use tax
81	and applies revenues from the increase to reduce required local
82	effort for school districts.
83	In more detail, this revision:
84	(1)  Increases the homestead exemption by exempting the
85	assessed value greater than $50,000 and up to $75,000. This
86	exemption does not apply to school district taxes.
87	(2)  Provides for the transfer of accumulated Save-Our-
88	Homes benefits. Homestead property owners will be able to
89	transfer their Save-Our-Homes benefit to a new homestead within
90	1 year and not more than 2 years after relinquishing their
91	previous homestead; except, if this revision is approved by the
92	electors in January of 2008 and if the new homestead is
93	established on January 1, 2008, the previous homestead must have
94	been relinquished in 2007. If the new homestead has a higher
95	just value than the old one, the accumulated benefit can be
96	transferred; if the new homestead has a lower just value, the
97	amount of benefit transferred will be reduced. The transferred
98	benefit may not exceed $500,000. This provision applies to all
99	tax levies.
100	(3)  Authorizes an exemption from property taxes of $25,000
101	of assessed value of tangible personal property. This provision
102	applies to all tax levies.
103	(4)  Limits the assessment increases for specified
104	nonhomestead real property to 10 percent each year. Property
105	will be assessed at just value following an improvement, as
106	defined by general law, and may be assessed at just value
107	following a change of ownership or control if provided by
108	general law. This limitation does not apply to school district
109	taxes. This limitation is repealed effective January 1, 2019,
110	unless renewed by a vote of the electors in the general election
111	held in 2018.
112	(5)  Requires the Legislature to increase the state sales
113	and use tax by 2 percent and appropriate additional revenues
114	from the increase to reduce the required local effort imposed
115	upon school districts.
116
117	======= T I T L E  A M E N D M E N T =========
118	On page 15, line(s) 11-19,
119	remove:  all of said lines,
120
121	and insert:  Sections 3, 4, and 6 and the creation of Section 19
122	of Article VII and the creation of Sections 27 and 28 of Article
123	XII of the State Constitution, to require an exemption from ad
124	valorem taxation for tangible personal property, to provide for
125	the transfer of the accrued benefit from the limitation on the
126	assessed value of homestead property, to create a limitation on
127	annual assessment increases for specified real property, to
128	increase the state sales and use tax and apply revenues from the
129	increase to reduce the required local effort for school
130	districts, to increase the

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