Florida Senate - 2012                        COMMITTEE AMENDMENT
       Bill No. SB 760
       
       
       
       
       
       
                                Barcode 314286                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  01/30/2012           .                                
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       The Committee on Community Affairs (Richter) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 463 and 464
    4  insert:
    5         Section 28. Notwithstanding the repeal of chapter 205,
    6  Florida Statutes, by this act, counties or municipalities
    7  imposing a local business tax as of March 9, 2012, pursuant to
    8  chapter 205, Florida Statutes, may continue to levy such tax to
    9  the extent necessary to meet all obligations to, or for the
   10  benefit of, holders of bonds or certificates that were issued
   11  before March 9, 2012, and for which taxes levied pursuant to
   12  chapter 205, Florida Statute, are explicitly pledged as
   13  security. Expenditures of revenues from tax levies continued
   14  pursuant to this section are limited to meeting obligations
   15  required by bonds or certificates that were issued before March
   16  9, 2012. Revenues collected in excess of the amounts necessary
   17  to meet obligations of bonds or certificates must be refunded to
   18  taxpayers in proportion to the amount of taxes paid by each
   19  taxpayer.
   20  
   21  ================= T I T L E  A M E N D M E N T ================
   22         And the title is amended as follows:
   23         Delete line 9
   24  and insert:
   25         conforming references and cross-references; providing
   26         that counties and municipalities may continue to levy
   27         taxes repealed under the act in order to meet all
   28         obligations to holders of bonds or certificates issued
   29         before a specified date; providing