Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. SB 1654
       
       
       
       
       
       
                                Ì780768VÎ780768                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/17/2014           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Before line 57
    4  insert:
    5         Section 1. Subsection (5) of section 196.1995, Florida
    6  Statutes, is amended to read:
    7         196.1995 Economic development ad valorem tax exemption.—
    8         (5) Upon a majority vote in favor of such authority, the
    9  board of county commissioners or the governing authority of the
   10  municipality, at its discretion, may, by ordinance, may exempt
   11  from ad valorem taxation up to 100 percent of the assessed value
   12  of all improvements to real property made by or for the use of a
   13  new business and of all tangible personal property of such new
   14  business, or up to 100 percent of the assessed value of all
   15  added improvements to real property made to facilitate the
   16  expansion of an existing business and of the net increase in all
   17  tangible personal property acquired to facilitate such expansion
   18  of an existing business. To qualify for the exemption, provided
   19  that the improvements to real property must be are made or the
   20  tangible personal property must be is added or increased after
   21  approval by motion or resolution of the local governing body,
   22  subject to the adoption of the ordinance, or on or after the day
   23  the ordinance is adopted. However, if the authority to grant
   24  exemptions is approved in a referendum in which the ballot
   25  question contained in subsection (3) appears on the ballot, the
   26  authority of the board of county commissioners or the governing
   27  authority of the municipality to grant exemptions is limited
   28  solely to new businesses and expansions of existing businesses
   29  that are located in an enterprise zone or brownfield area.
   30  Property acquired to replace existing property is shall not be
   31  considered to facilitate a business expansion. The exemption
   32  applies only to taxes levied by the respective unit of
   33  government granting the exemption. The exemption does not apply,
   34  however, to taxes levied for the payment of bonds or to taxes
   35  authorized by a vote of the electors pursuant to s. 9(b) or s.
   36  12, Art. VII of the State Constitution. Any such exemption shall
   37  remain in effect for up to 10 years with respect to any
   38  particular facility, regardless of any change in the authority
   39  of the county or municipality to grant such exemptions. The
   40  exemption may shall not be prolonged or extended by granting
   41  exemptions from additional taxes or by virtue of a any
   42  reorganization or sale of the business receiving the exemption.
   43         Section 2. A local ordinance enacted pursuant to s.
   44  196.1995, Florida Statutes, before the effective date of this
   45  act may not be invalidated on the ground that improvements to
   46  real property were made or that tangible personal property was
   47  added or increased before the date that such ordinance was
   48  adopted if the local governing body acted substantially in
   49  accordance with s. 196.1995(5), Florida Statutes, as amended by
   50  this act.
   51  
   52  ================= T I T L E  A M E N D M E N T ================
   53  And the title is amended as follows:
   54         Delete line 2
   55  and insert:
   56         An act relating to tax administration; amending s.
   57         196.1995, F.S.; requiring certain real property
   58         improvements and tangible personal property additions
   59         to occur within a specified period in order to qualify
   60         for a specified ad valorem tax exemption; providing
   61         that certain local ordinances conveying ad valorem tax
   62         exemptions may not be invalidated if the local
   63         governing body acted in accordance with this act;
   64         amending s.