Amendment
Bill No. 0002D
Amendment No. 439027
CHAMBER ACTION
Senate House
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1Representative(s) Robaina offered the following:
2
3     Amendment to Senate Amendment (583214) (with directory,
4schedule, ballot, and title amendments)
5     On page 12, between line(s) 1 and 2,
6
7insert:  
8     SECTION 19.  State sales tax increase; required local
9effort.--The legislature shall provide for an increase in the
10rate of the state tax on sales, use, and other transactions
11imposed by general law by an additional two percent (2%). The
12legislature shall apply each year the amount of additional
13revenues generated by the increase in the state tax on sales,
14use, and other transactions required by this section to reduce
15the required local effort imposed upon school districts for
16funding education finance as required by general law.
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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,
22remove:  all of said lines,
23
24and insert:  
25     That the following amendments to Sections 3, 4, and 6 and
26the creation of Section 19 of Article VII and the creation of
27Sections 27 and 28 of Article XII
28
29
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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,
32remove:  all of said lines,
33
34and insert:  
35     SECTION 27.  State sales tax increase; annual appropriation
36to fund required local effort.--During the next regular session
37of the legislature after the effective date of the creation of
38Section 19 of Article VII, the legislature shall provide by
39general law for an increase of two percent in the rate of the
40state tax on sales, use, and other transactions. The legislature
41shall appropriate each year an amount equal to the total amount
42generated by the two percent increase in the rate of the state
43tax on sales, use, and other transactions for the purpose of
44reducing the required local effort imposed upon school districts
45for funding education finance as required by general law.
46     SECTION 28.  Property tax exemptions; limitations on
47property tax exemptions; state sales tax increase; annual
48appropriation to fund required local effort.--The amendments to
49Sections 3, 4, and 6 of Article VII, providing a $25,000
50exemption for tangible personal property, providing an
51additional $25,000 homestead exemption, authorizing transfer of
52the accrued benefit from the limitations on the assessment of
53homestead property, the creation of Section 19 of Article VII
54and Section 27 of this Article, requiring the legislature to
55increase the state sales and use tax and appropriate additional
56revenues from the increase to reduce the required local effort
57imposed upon school districts, and this section, if submitted to
58the electors of
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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
63remove:  all of said lines,
64
65and insert:  
66
ARTICLE VII, SECTIONS 3, 4, 6, AND 19
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ARTICLE XII, SECTIONS 27 AND 28
68     PROPERTY TAX EXEMPTIONS; LIMITATIONS ON PROPERTY TAX
69ASSESSMENTS; STATE SALES TAX INCREASE; SCHOOL DISTRICT
70APPROPRIATIONS.--This revision proposes changes to the State
71Constitution relating to property taxation. With respect to
72homestead property, this revision: (1) increases the homestead
73exemption except for school district taxes and (2) allows
74homestead property owners to transfer up to $500,000 of their
75Save-Our-Homes benefits to their next homestead. With respect to
76nonhomestead property, this revision (3) provides a $25,000
77exemption for tangible personal property and (4) limits
78assessment increases for specified nonhomestead real property
79except for school district taxes. Further, this revision (5)
80provides for a 2-percent increase in the state sales and use tax
81and applies revenues from the increase to reduce required local
82effort for school districts.
83     In more detail, this revision:
84     (1)  Increases the homestead exemption by exempting the
85assessed value greater than $50,000 and up to $75,000. This
86exemption does not apply to school district taxes.
87     (2)  Provides for the transfer of accumulated Save-Our-
88Homes benefits. Homestead property owners will be able to
89transfer their Save-Our-Homes benefit to a new homestead within
901 year and not more than 2 years after relinquishing their
91previous homestead; except, if this revision is approved by the
92electors in January of 2008 and if the new homestead is
93established on January 1, 2008, the previous homestead must have
94been relinquished in 2007. If the new homestead has a higher
95just value than the old one, the accumulated benefit can be
96transferred; if the new homestead has a lower just value, the
97amount of benefit transferred will be reduced. The transferred
98benefit may not exceed $500,000. This provision applies to all
99tax levies.
100     (3)  Authorizes an exemption from property taxes of $25,000
101of assessed value of tangible personal property. This provision
102applies to all tax levies.
103     (4)  Limits the assessment increases for specified
104nonhomestead real property to 10 percent each year. Property
105will be assessed at just value following an improvement, as
106defined by general law, and may be assessed at just value
107following a change of ownership or control if provided by
108general law. This limitation does not apply to school district
109taxes. This limitation is repealed effective January 1, 2019,
110unless renewed by a vote of the electors in the general election
111held in 2018.
112     (5)  Requires the Legislature to increase the state sales
113and use tax by 2 percent and appropriate additional revenues
114from the increase to reduce the required local effort imposed
115upon 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,
119remove:  all of said lines,
120
121and insert:  Sections 3, 4, and 6 and the creation of Section 19
122of Article VII and the creation of Sections 27 and 28 of Article
123XII of the State Constitution, to require an exemption from ad
124valorem taxation for tangible personal property, to provide for
125the transfer of the accrued benefit from the limitation on the
126assessed value of homestead property, to create a limitation on
127annual assessment increases for specified real property, to
128increase the state sales and use tax and apply revenues from the
129increase to reduce the required local effort for school
130districts, to increase the


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