HB 511

1	A bill to be entitled
2	An act relating to tax discounts; amending s. 197.162,
3	F.S.; increasing the discount rate for early tax payments
4	made within a specified time after mailing of the original
5	tax notice; eliminating discounts for early tax payments
6	made after a specified time; increasing the discount rate
7	for tax payments made within a specified time after
8	mailing of a tax notice resulting from the action of a
9	value adjustment board; providing an effective date.
10
11	Be It Enacted by the Legislature of the State of Florida:
12
13	Section 1.  Section 197.162, Florida Statutes, is amended
14	to read:
15	197.162  Discounts; amount and time.-On all taxes assessed
16	on the county tax rolls and collected by the county tax
17	collector, a discount discounts for early payment thereof shall
18	be at the rate of 10 4 percent in the month of November or at
19	any time within 30 days after the mailing of the original tax
20	notice; 3 percent in the month of December; 2 percent in the
21	following month of January; 1 percent in the following month of
22	February; and then no discount until zero percent in the
23	following month of March or within 30 days before prior to the
24	date of delinquency if the date of delinquency is after April 1.
25	When a taxpayer makes a request to have the original tax notice
26	corrected, the discount rate for early payment applicable at the
27	time the request for correction is made shall apply for 30 days
28	after the mailing of the corrected tax notice. A discount shall
29	apply at the rate of 10 4 percent for 30 days after the mailing
30	of a tax notice resulting from the action of a value adjustment
31	board. Thereafter, the regular discount period periods shall
32	apply. For the purposes of this section, when a discount period
33	ends on a Saturday, Sunday, or legal holiday, the discount
34	period shall be extended to the next working day, if payment is
35	delivered to a designated collection office of the tax
36	collector.
37	Section 2.  This act shall take effect July 1, 2011.

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