Florida Senate - 2016                              CS for SB 766
       
       
        
       By the Committee on Finance and Tax; and Senator Flores
       
       593-03607A-16                                          2016766c1
    1                        A bill to be entitled                      
    2         An act relating to ad valorem taxation; amending s.
    3         192.0105, F.S.; conforming a provision to changes made
    4         by the act; amending s. 193.122, F.S.; specifying
    5         deadlines for value adjustment boards to hear
    6         petitions and issue the second tax roll certification;
    7         providing applicability; amending s. 193.1554, F.S.;
    8         requiring a property appraiser to provide a specified
    9         notice to nonhomestead residential property owners who
   10         were determined to not be entitled for a certain
   11         property assessment limitation; providing a specified
   12         timeframe for such property owners to pay taxes,
   13         penalties, and interest; prohibiting the assessment of
   14         a penalty or interest for property assessment
   15         limitations granted as a result of a clerical mistake
   16         or an omission by the property appraiser; amending s.
   17         193.1555, F.S.; requiring a property appraiser to
   18         provide a specified notice to certain residential and
   19         nonresidential property owners who were determined to
   20         not be entitled for a certain property assessment
   21         limitation; providing a specified timeframe for such
   22         property owners to pay taxes, penalties, and interest;
   23         prohibiting the assessment of a penalty or interest
   24         for property assessment limitations granted as a
   25         result of a clerical mistake or an omission by the
   26         property appraiser; amending s. 194.011, F.S.;
   27         specifying procedures for filing petitions to the
   28         value adjustment board; amending s. 194.014, F.S.;
   29         revising the entities authorized to determine under
   30         certain circumstances that a petitioner owes ad
   31         valorem taxes or is owed a refund of overpaid taxes;
   32         revising the rate at which interest accrues on unpaid
   33         and overpaid ad valorem taxes; defining the term “bank
   34         prime loan rate”; amending s. 194.015, F.S.;
   35         authorizing the school board and county commission to
   36         audit certain expenses of the value adjustment board;
   37         amending s. 194.032, F.S.; requiring a property
   38         appraiser to notify a petitioner when a property
   39         record card is available online; authorizing a
   40         property appraiser to reschedule a hearing relating to
   41         an assessment; requiring a petitioner or a property
   42         appraiser to show good cause to reschedule such
   43         hearing; defining the term “good cause”; requiring the
   44         clerk to provide notice to a petitioner of a
   45         rescheduled hearing within a certain time; amending s.
   46         194.034, F.S.; revising the entities that may
   47         represent a taxpayer before the value adjustment
   48         board; amending s. 197.3632, F.S.; extending the dates
   49         for certain counties to hold public hearings and
   50         certify non-ad valorem assessment rolls; reenacting
   51         and amending s. 1011.62, F.S.; revising the time
   52         period for requirements and calculations applicable to
   53         the levy and adjustment of the Prior Period Funding
   54         Adjustment Millage before and after certification of
   55         the district’s final taxable value; providing
   56         effective dates.
   57          
   58  Be It Enacted by the Legislature of the State of Florida:
   59  
   60         Section 1. Paragraph (f) of subsection (2) of section
   61  192.0105, Florida Statutes, is amended to read:
   62         192.0105 Taxpayer rights.—There is created a Florida
   63  Taxpayer’s Bill of Rights for property taxes and assessments to
   64  guarantee that the rights, privacy, and property of the
   65  taxpayers of this state are adequately safeguarded and protected
   66  during tax levy, assessment, collection, and enforcement
   67  processes administered under the revenue laws of this state. The
   68  Taxpayer’s Bill of Rights compiles, in one document, brief but
   69  comprehensive statements that summarize the rights and
   70  obligations of the property appraisers, tax collectors, clerks
   71  of the court, local governing boards, the Department of Revenue,
   72  and taxpayers. Additional rights afforded to payors of taxes and
   73  assessments imposed under the revenue laws of this state are
   74  provided in s. 213.015. The rights afforded taxpayers to assure
   75  that their privacy and property are safeguarded and protected
   76  during tax levy, assessment, and collection are available only
   77  insofar as they are implemented in other parts of the Florida
   78  Statutes or rules of the Department of Revenue. The rights so
   79  guaranteed to state taxpayers in the Florida Statutes and the
   80  departmental rules include:
   81         (2) THE RIGHT TO DUE PROCESS.—
   82         (f) The right, in value adjustment board proceedings, to
   83  have all evidence presented and considered at a public hearing
   84  at the scheduled time, to be represented by a person specified
   85  in s. 194.034(1)(a) an attorney or agent, to have witnesses
   86  sworn and cross-examined, and to examine property appraisers or
   87  evaluators employed by the board who present testimony (see ss.
   88  194.034(1)(a) and (c) and (4), and 194.035(2)).
   89         Section 2. Effective July 1, 2017, subsection (3) of
   90  section 193.122, Florida Statutes, is amended to read:
   91         193.122 Certificates of value adjustment board and property
   92  appraiser; extensions on the assessment rolls.—
   93         (3) When the tax rolls have been extended pursuant to s.
   94  197.323, the second certification of the value adjustment board
   95  shall reflect all changes made by the board together with any
   96  adjustments or changes made by the property appraiser. The value
   97  adjustment board must hear all petitions and issue its second
   98  certification by June 1 following the year in which the taxes
   99  were assessed. If the number of petitions filed increases by
  100  more than 10 percent over the prior year, the June 1 deadline is
  101  extended to December 1. Upon the value adjustment board’s second
  102  such certification, the property appraiser shall recertify the
  103  tax rolls with all changes to the tax collector and shall
  104  provide public notice of the date and fact of recertification
  105  pursuant to subsection (2).
  106         Section 3. The amendments to s. 193.122, Florida Statutes,
  107  made by this act first apply to the 2017 tax roll.
  108         Section 4. Subsection (10) of section 193.1554, Florida
  109  Statutes, is amended to read:
  110         193.1554 Assessment of nonhomestead residential property.—
  111         (10) If the property appraiser determines that for any year
  112  or years within the prior 10 years a person or entity who was
  113  not entitled to the property assessment limitation granted under
  114  this section was granted the property assessment limitation, the
  115  property appraiser making such determination shall serve upon
  116  the owner a notice of intent to record in the public records of
  117  the county a notice of tax lien against any property owned by
  118  that person or entity in the county, and such property must be
  119  identified in the notice of tax lien. Such property that is
  120  situated in this state is subject to the unpaid taxes, plus a
  121  penalty of 50 percent of the unpaid taxes for each year and 15
  122  percent interest per annum. Before a lien may be filed, the
  123  person or entity so notified must be given 30 days to pay the
  124  taxes and any applicable penalties and interest. If the property
  125  appraiser improperly grants the property assessment limitation
  126  as a result of a clerical mistake or an omission, the person or
  127  entity improperly receiving the property assessment limitation
  128  may not be assessed a penalty or interest.
  129         Section 5. Subsection (10) of section 193.1555, Florida
  130  Statutes, is amended to read:
  131         193.1555 Assessment of certain residential and
  132  nonresidential real property.—
  133         (10) If the property appraiser determines that for any year
  134  or years within the prior 10 years a person or entity who was
  135  not entitled to the property assessment limitation granted under
  136  this section was granted the property assessment limitation, the
  137  property appraiser making such determination shall serve upon
  138  the owner a notice of intent to record in the public records of
  139  the county a notice of tax lien against any property owned by
  140  that person or entity in the county, and such property must be
  141  identified in the notice of tax lien. Such property that is
  142  situated in this state is subject to the unpaid taxes, plus a
  143  penalty of 50 percent of the unpaid taxes for each year and 15
  144  percent interest per annum. Before a lien may be filed, the
  145  person or entity so notified must be given 30 days to pay the
  146  taxes and any applicable penalties and interest. If the property
  147  appraiser improperly grants the property assessment limitation
  148  as a result of a clerical mistake or an omission, the person or
  149  entity improperly receiving the property assessment limitation
  150  may not be assessed a penalty or interest.
  151         Section 6. Subsection (3) of section 194.011, Florida
  152  Statutes, is amended to read:
  153         194.011 Assessment notice; objections to assessments.—
  154         (3) A petition to the value adjustment board must be in
  155  substantially the form prescribed by the department.
  156  Notwithstanding s. 195.022, a county officer may not refuse to
  157  accept a form provided by the department for this purpose if the
  158  taxpayer chooses to use it. A petition to the value adjustment
  159  board must be signed by the taxpayer or accompanied by the
  160  taxpayer’s written authorization for representation by a person
  161  specified in s. 194.034(1)(a). A written authorization is valid
  162  for 1 tax year, and a new written authorization by the taxpayer
  163  is required for each subsequent tax year. A petition must also
  164  shall describe the property by parcel number and shall be filed
  165  as follows:
  166         (a) The clerk of the value adjustment board and the
  167  property appraiser shall have available and shall distribute
  168  forms prescribed by the Department of Revenue on which the
  169  petition shall be made. Such petition shall be sworn to by the
  170  petitioner.
  171         (b) The completed petition shall be filed with the clerk of
  172  the value adjustment board of the county, who shall acknowledge
  173  receipt thereof and promptly furnish a copy thereof to the
  174  property appraiser.
  175         (c) The petition shall state the approximate time
  176  anticipated by the taxpayer to present and argue his or her
  177  petition before the board.
  178         (d) The petition may be filed, as to valuation issues, at
  179  any time during the taxable year on or before the 25th day
  180  following the mailing of notice by the property appraiser as
  181  provided in subsection (1). With respect to an issue involving
  182  the denial of an exemption, an agricultural or high-water
  183  recharge classification application, an application for
  184  classification as historic property used for commercial or
  185  certain nonprofit purposes, or a deferral, the petition must be
  186  filed at any time during the taxable year on or before the 30th
  187  day following the mailing of the notice by the property
  188  appraiser under s. 193.461, s. 193.503, s. 193.625, s. 196.173,
  189  or s. 196.193 or notice by the tax collector under s. 197.2425.
  190         (e) A condominium association, cooperative association, or
  191  any homeowners’ association as defined in s. 723.075, with
  192  approval of its board of administration or directors, may file
  193  with the value adjustment board a single joint petition on
  194  behalf of any association members who own parcels of property
  195  which the property appraiser determines are substantially
  196  similar with respect to location, proximity to amenities, number
  197  of rooms, living area, and condition. The condominium
  198  association, cooperative association, or homeowners’ association
  199  as defined in s. 723.075 shall provide the unit owners with
  200  notice of its intent to petition the value adjustment board and
  201  shall provide at least 20 days for a unit owner to elect, in
  202  writing, that his or her unit not be included in the petition.
  203         (f) An owner of contiguous, undeveloped parcels may file
  204  with the value adjustment board a single joint petition if the
  205  property appraiser determines such parcels are substantially
  206  similar in nature.
  207         (g) An owner of multiple tangible personal property
  208  accounts may file with the value adjustment board a single joint
  209  petition if the property appraiser determines that the tangible
  210  personal property accounts are substantially similar in nature.
  211         (h) The individual, agent, or legal entity that signs the
  212  petition becomes an agent of the taxpayer for the purpose of
  213  serving process to obtain personal jurisdiction over the
  214  taxpayer for the entire value adjustment board proceedings,
  215  including any appeals of a board decision by the property
  216  appraiser pursuant to s. 194.036.
  217         Section 7. Subsection (2) of section 194.014, Florida
  218  Statutes, is amended to read:
  219         194.014 Partial payment of ad valorem taxes; proceedings
  220  before value adjustment board.—
  221         (2) If the value adjustment board or the property appraiser
  222  determines that the petitioner owes ad valorem taxes in excess
  223  of the amount paid, the unpaid amount accrues interest at an
  224  annual percentage rate equal to the bank prime loan rate on July
  225  1, or the first business day thereafter if July 1 is a Saturday,
  226  Sunday, or legal holiday, of the tax the rate of 12 percent per
  227  year, beginning on from the date the taxes became delinquent
  228  pursuant to s. 197.333 until the unpaid amount is paid. If the
  229  value adjustment board or the property appraiser determines that
  230  a refund is due, the overpaid amount accrues interest at an
  231  annual percentage rate equal to the bank prime loan rate on July
  232  1, or the first business day thereafter if July 1 is a Saturday,
  233  Sunday, or legal holiday, of the tax the rate of 12 percent per
  234  year, beginning on from the date the taxes became delinquent
  235  pursuant to s. 197.333 until a refund is paid. Interest on an
  236  overpayment related to a petition shall be funded
  237  proportionately by each taxing authority that was overpaid.
  238  Interest does not accrue on amounts paid in excess of 100
  239  percent of the current taxes due as provided on the tax notice
  240  issued pursuant to s. 197.322. As used in this subsection, the
  241  term “bank prime loan rate” means the average predominant prime
  242  rate quoted by commercial banks to large businesses as published
  243  by the Board of Governors of the Federal Reserve System.
  244         Section 8. Section 194.015, Florida Statutes, is amended to
  245  read:
  246         194.015 Value adjustment board.—There is hereby created A
  247  value adjustment board is created for each county, which shall
  248  consist of two members of the governing body of the county as
  249  elected from the membership of the board of the said governing
  250  body, one of whom shall be elected chairperson, and one member
  251  of the school board as elected from the membership of the school
  252  board, and two citizen members, one of whom shall be appointed
  253  by the governing body of the county and must own homestead
  254  property within the county and one of whom must be appointed by
  255  the school board and must own a business occupying commercial
  256  space located within the school district. A citizen member may
  257  not be a member or an employee of any taxing authority, and may
  258  not be a person who represents property owners in any
  259  administrative or judicial review of property taxes. The members
  260  of the board may be temporarily replaced by other members of the
  261  respective boards on appointment by their respective
  262  chairpersons. Any three members shall constitute a quorum of the
  263  board, except that each quorum must include at least one member
  264  of said governing board, at least one member of the school
  265  board, and at least one citizen member and no meeting of the
  266  board shall take place unless a quorum is present. Members of
  267  the board may receive such per diem compensation as is allowed
  268  by law for state employees if both bodies elect to allow such
  269  compensation. The clerk of the governing body of the county
  270  shall be the clerk of the value adjustment board. The board
  271  shall appoint private counsel who has practiced law for over 5
  272  years and who shall receive such compensation as may be
  273  established by the board. The private counsel may not represent
  274  the property appraiser, the tax collector, any taxing authority,
  275  or any property owner in any administrative or judicial review
  276  of property taxes. A No meeting of the board may not shall take
  277  place unless counsel to the board is present. Two-fifths of the
  278  expenses of the board shall be borne by the district school
  279  board and three-fifths by the district county commission. The
  280  school board and the county commission may audit the expenses
  281  related to the value adjustment board process.
  282         Section 9. Paragraph (a) of subsection (2) of section
  283  194.032, Florida Statutes, is amended to read:
  284         194.032 Hearing purposes; timetable.—
  285         (2)(a) The clerk of the governing body of the county shall
  286  prepare a schedule of appearances before the board based on
  287  petitions timely filed with him or her. The clerk shall notify
  288  each petitioner of the scheduled time of his or her appearance
  289  at least 25 calendar days before the day of the scheduled
  290  appearance. The notice must indicate whether the petition has
  291  been scheduled to be heard at a particular time or during a
  292  block of time. If the petition has been scheduled to be heard
  293  within a block of time, the beginning and ending of that block
  294  of time must be indicated on the notice; however, as provided in
  295  paragraph (b), a petitioner may not be required to wait for more
  296  than a reasonable time, not to exceed 2 hours, after the
  297  beginning of the block of time. If the petitioner checked the
  298  appropriate box on the petition form to request a copy of the
  299  property record card containing relevant information used in
  300  computing the current assessment, the property appraiser must
  301  provide the copy to the petitioner upon receipt of the petition
  302  from the clerk regardless of whether the petitioner initiates
  303  evidence exchange, unless the property record card is available
  304  online from the property appraiser, in which case the property
  305  appraiser must notify the petitioner that the property record
  306  card is available online. Upon receipt of the notice, The
  307  petitioner or the property appraiser may reschedule the hearing
  308  a single time for good cause by submitting to the clerk a
  309  written request to reschedule, at least 5 calendar days before
  310  the day of the originally scheduled hearing. As used in this
  311  paragraph, the term “good cause” means circumstances beyond the
  312  control of the person seeking to reschedule the hearing which
  313  reasonably prevent him or her from having adequate
  314  representation at the hearing. If the hearing is rescheduled by
  315  the petitioner, the clerk shall notify the petitioner of the
  316  rescheduled date and time for his or her appearance at least 15
  317  calendar days before the date of the rescheduled appearance.
  318         Section 10. Paragraph (a) of subsection (1) of section
  319  194.034, Florida Statutes, is amended to read:
  320         194.034 Hearing procedures; rules.—
  321         (1)(a)  Petitioners before the board may be represented by
  322  a corporate representative of the taxpayer, an attorney who is a
  323  member of The Florida Bar, a real estate appraiser or a real
  324  estate broker licensed under chapter 475, or a certified public
  325  accountant licensed under chapter 473, retained by the taxpayer,
  326  or an individual with power of attorney to act on behalf of the
  327  taxpayer who receives no compensation, agent and such person may
  328  present testimony and other evidence. The property appraiser or
  329  his or her authorized representatives may be represented by an
  330  attorney in defending the property appraiser’s assessment or
  331  opposing an exemption and may present testimony and other
  332  evidence. The property appraiser, each petitioner, and all
  333  witnesses shall be required, upon the request of either party,
  334  to testify under oath as administered by the chairperson of the
  335  board. Hearings shall be conducted in the manner prescribed by
  336  rules of the department, which rules shall include the right of
  337  cross-examination of any witness.
  338         Section 11. Paragraph (a) of subsection (4) and paragraph
  339  (a) of subsection (5) of section 197.3632, Florida Statutes, is
  340  amended to read:
  341         197.3632 Uniform method for the levy, collection, and
  342  enforcement of non-ad valorem assessments.—
  343         (4)(a) A local government shall adopt a non-ad valorem
  344  assessment roll at a public hearing held between January 1 and
  345  September 15, or between January 1 and September 25 in any
  346  county as defined in s. 125.011(1), if:
  347         1. The non-ad valorem assessment is levied for the first
  348  time;
  349         2. The non-ad valorem assessment is increased beyond the
  350  maximum rate authorized by law or judicial decree at the time of
  351  initial imposition;
  352         3. The local government’s boundaries have changed, unless
  353  all newly affected property owners have provided written consent
  354  for such assessment to the local governing board; or
  355         4. There is a change in the purpose for such assessment or
  356  in the use of the revenue generated by such assessment.
  357         (5)(a) By September 15 of each year, or by September 25 in
  358  any county as defined in s. 125.011(1), the chair of the local
  359  governing board or his or her designee shall certify a non-ad
  360  valorem assessment roll on compatible electronic medium to the
  361  tax collector. The local government shall post the non-ad
  362  valorem assessment for each parcel on the roll. The tax
  363  collector shall not accept any such roll that is not certified
  364  on compatible electronic medium and that does not contain the
  365  posting of the non-ad valorem assessment for each parcel. It is
  366  the responsibility of the local governing board that such roll
  367  be free of errors and omissions. Alterations to such roll may be
  368  made by the chair or his or her designee up to 10 days before
  369  certification. If the tax collector discovers errors or
  370  omissions on such roll, he or she may request the local
  371  governing board to file a corrected roll or a correction of the
  372  amount of any assessment.
  373         Section 12. Effective June 30, 2016, notwithstanding the
  374  expiration date in section 9 of chapter 2015-222, Laws of
  375  Florida, and notwithstanding the amendment made by section 16 of
  376  SB 1040, 2016 Regular Session, paragraph (e) of subsection (4)
  377  of section 1011.62, Florida Statutes, as amended by section 7 of
  378  chapter 2015-222, Laws of Florida, is reenacted and amended to
  379  read:
  380         1011.62 Funds for operation of schools.—If the annual
  381  allocation from the Florida Education Finance Program to each
  382  district for operation of schools is not determined in the
  383  annual appropriations act or the substantive bill implementing
  384  the annual appropriations act, it shall be determined as
  385  follows:
  386         (4) COMPUTATION OF DISTRICT REQUIRED LOCAL EFFORT.—The
  387  Legislature shall prescribe the aggregate required local effort
  388  for all school districts collectively as an item in the General
  389  Appropriations Act for each fiscal year. The amount that each
  390  district shall provide annually toward the cost of the Florida
  391  Education Finance Program for kindergarten through grade 12
  392  programs shall be calculated as follows:
  393         (e) Prior period funding adjustment millage.—
  394         1. There shall be An additional millage to be known as the
  395  Prior Period Funding Adjustment Millage shall be levied by a
  396  school district if the prior period unrealized required local
  397  effort funds are greater than zero. The Commissioner of
  398  Education shall calculate the amount of the prior period
  399  unrealized required local effort funds as specified in
  400  subparagraph 2. and the millage required to generate that amount
  401  as specified in this subparagraph. The Prior Period Funding
  402  Adjustment Millage shall be the quotient of the prior period
  403  unrealized required local effort funds divided by the current
  404  year taxable value certified to the Commissioner of Education
  405  pursuant to sub-subparagraph (a)1.a. This levy shall be in
  406  addition to the required local effort millage certified pursuant
  407  to this subsection. Such millage shall not affect the
  408  calculation of the current year’s required local effort, and the
  409  funds generated by such levy shall not be included in the
  410  district’s Florida Education Finance Program allocation for that
  411  fiscal year. For purposes of the millage to be included on the
  412  Notice of Proposed Taxes, the Commissioner of Education shall
  413  adjust the required local effort millage computed pursuant to
  414  paragraph (a) as adjusted by paragraph (b) for the current year
  415  for any district that levies a Prior Period Funding Adjustment
  416  Millage to include all Prior Period Funding Adjustment Millage.
  417  For the purpose of this paragraph, there shall be a Prior Period
  418  Funding Adjustment Millage shall be levied for each year
  419  certified by the Department of Revenue pursuant to sub
  420  subparagraph (a)2.a. since the previous year certification and
  421  for which the calculation in sub-subparagraph 2.b. is greater
  422  than zero.
  423         2.a. As used in this subparagraph, the term:
  424         (I) “Prior year” means a year certified under sub
  425  subparagraph (a)2.a.
  426         (II) “Preliminary taxable value” means:
  427         (A) If the prior year is the 2009-2010 fiscal year or
  428  later, the taxable value certified to the Commissioner of
  429  Education pursuant to sub-subparagraph (a)1.a.
  430         (B) If the prior year is the 2008-2009 fiscal year or
  431  earlier, the taxable value certified pursuant to the final
  432  calculation as specified in former paragraph (b) as that
  433  paragraph existed in the prior year.
  434         (III) “Final taxable value” means the district’s taxable
  435  value as certified by the property appraiser pursuant to s.
  436  193.122(2) or (3), if applicable. This is the certification that
  437  reflects all final administrative actions of the value
  438  adjustment board.
  439         b. For purposes of this subsection and with respect to each
  440  year certified pursuant to sub-subparagraph (a)2.a., if the
  441  district’s prior year preliminary taxable value is greater than
  442  the district’s prior year final taxable value, the prior period
  443  unrealized required local effort funds are the difference
  444  between the district’s prior year preliminary taxable value and
  445  the district’s prior year final taxable value, multiplied by the
  446  prior year district required local effort millage. If the
  447  district’s prior year preliminary taxable value is less than the
  448  district’s prior year final taxable value, the prior period
  449  unrealized required local effort funds are zero.
  450         c. For the 2015-2016 fiscal year only, If a district’s
  451  prior period unrealized required local effort funds and prior
  452  period district required local effort millage cannot be
  453  determined because such district’s final taxable value has not
  454  yet been certified pursuant to s. 193.122(2) or (3), for the
  455  2015 tax levy, the Prior Period Funding Adjustment Millage for
  456  such fiscal year shall be levied, if not previously levied, in
  457  2015 in an amount equal to 75 percent of such district’s most
  458  recent unrealized required local effort for which a Prior Period
  459  Funding Adjustment Millage was determined as provided in this
  460  section. Upon certification of the final taxable value in
  461  accordance with s. 193.122(2) or (3) for a the 2012, 2013, or
  462  2014 tax rolls for which a 75 percent Prior Period Funding
  463  Adjustment Millage was levied in accordance with s. 193.122(2)
  464  or (3), the next Prior Period Funding Adjustment Millage levied
  465  in 2015 and 2016 shall be adjusted to include any shortfall or
  466  surplus in the prior period unrealized required local effort
  467  funds that would have been levied in 2014 or 2015, had the
  468  district’s final taxable value been certified pursuant to s.
  469  193.122(2) or (3) for the 2014 or 2015 tax levy. If this
  470  adjustment is made for a surplus, the reduction in prior period
  471  millage may not exceed the prior period funding adjustment
  472  millage calculated pursuant to subparagraph 1. and sub
  473  subparagraphs a. and b., or pursuant to this sub-subparagraph,
  474  whichever is applicable, and any additional reduction shall be
  475  carried forward to the subsequent fiscal year.
  476         Section 13. Except as otherwise expressly provided in this
  477  act, this act shall take effect July 1, 2016.