1 | Representative(s) Robaina offered the following: |
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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 |
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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. |
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19 | ----------------------------------------------------- |
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 |
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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 |
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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 |
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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 |
59 |
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60 | ----------------------------------------------------- |
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 |
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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 |
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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 |
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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 |