HB 1481

1
A bill to be entitled
2An act relating to the City of Weeki Wachee, Hernando
3County; amending chapter 2004-432, Laws of Florida;
4limiting the rate of ad valorem taxation on real property;
5prohibiting the levy of ad valorem taxes on tangible
6personal property; providing an effective date.
7
8Be It Enacted by the Legislature of the State of Florida:
9
10     Section 1.  Section 3 of chapter 2004-432, Laws of Florida,
11is amended to read:
12     Section 3.  The rate amount of ad valorem taxation taxes
13levied by the City of Weeki Wachee annually on real and personal
14property within the geographic boundaries of the city may not
15exceed .001 mill on 3 percent per annum of the taxes levied of
16the total assessed valuation of the property. The City of Weeki
17Wachee may not levy ad valorem taxes on tangible personal
18property.
19     Section 2.  This act shall take effect upon becoming a law.


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