Florida Senate - 2024                          SENATOR AMENDMENT
       Bill No. CS for HB 7019
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                Floor: 1/F/2R          .                                
             03/06/2024 03:14 PM       .                                

       Senator Pizzo moved the following:
    1         Senate Amendment (with title amendment)
    3         Delete lines 27 - 71
    4  and insert:
    5  shall be adjusted every 5 years on January 1 for inflation using
    6  the percentage change in the Consumer Price Index for All Urban
    7  Consumers, U.S. City Average, all items 1967=100, or successor
    8  reports for the preceding calendar year as initially reported by
    9  the United States Department of Labor, Bureau of Labor
   10  Statistics, if such percent change is positive.
   11         Section 2. Section 218.136, Florida Statutes, is created to
   12  read:
   13         218.136Offset for ad valorem revenue loss affecting
   14  fiscally constrained counties and municipalities located within
   15  such counties.—
   16         (1)Beginning in fiscal year 2025-2026, the Legislature
   17  shall appropriate moneys to offset the reductions in ad valorem
   18  tax revenue experienced by fiscally constrained counties, as
   19  defined in s. 218.67(1), and the municipalities located within
   20  such counties, which occur as a direct result of the
   21  implementation of revisions of s. 6(a) of Art. VII of the State
   22  Constitution approved in the November 2024 general election. The
   23  moneys appropriated for this purpose shall be distributed in
   24  January of each fiscal year among the fiscally constrained
   25  counties and the municipalities located within such counties
   26  based on each county’s proportion of the total reduction in ad
   27  valorem tax revenue resulting from the implementation of the
   28  revision of s. 6(a) of Art. VII of the State Constitution.
   29         (2)On or before November 15 of each year, each fiscally
   30  constrained county or a municipality located within such county
   31  shall apply to the Department of Revenue to participate in the
   32  distribution of the appropriation and provide documentation
   33  supporting the county’s or municipality’s estimated reduction in
   34  ad valorem tax revenue in the form and manner prescribed by the
   35  Department of Revenue. The documentation must include an
   36  estimate of the reduction in taxable value directly attributable
   37  to revisions of s. 6(a) of Art. VII of the State Constitution
   38  approved in the November 2024 general election for all county or
   39  municipal taxing jurisdictions within the county or municipality
   40  and shall be prepared by the property appraiser in each fiscally
   41  constrained county or a municipality located within such county.
   42  The documentation must also include the county or municipal
   43  millage rates applicable in all such jurisdictions for the
   44  current year and the prior year, rolled-back rates determined as
   45  provided in s. 200.065 for each county or municipal taxing
   46  jurisdiction, and maximum millage rates that could have been
   47  levied by majority vote pursuant to s. 200.065(5). For purposes
   48  of this section, each fiscally constrained county’s or
   49  municipality’s reduction in ad valorem tax revenue shall be
   50  calculated as 95 percent of the estimated reduction in taxable
   51  value multiplied by the lesser of the 2024 applicable millage
   52  rate or the applicable millage rate for each county or municipal
   53  taxing jurisdiction in the current year. If a fiscally
   54  constrained county or a municipality within such county fails to
   55  apply for the distribution, its
   57  ================= T I T L E  A M E N D M E N T ================
   58  And the title is amended as follows:
   59         Delete lines 4 - 8
   60  and insert:
   61         homestead exemption be adjusted at specified
   62         intervals; creating s. 218.136, F.S.; requiring the
   63         Legislature to appropriate funds for a specified
   64         purpose; requiring that such funds be distributed in a
   65         specified manner; requiring specified counties and
   66         municipalities to apply for such