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Bill > S1412


FL S1412

FL S1412
Taxation


summary

Introduced
02/26/2019
In Committee
03/04/2019
Crossed Over
Passed
Dead
05/04/2019

Introduced Session

Potential new amendment
2019 Regular Session

Bill Summary

Specifying a requirement for the Department of Revenue in reviewing assessment rolls in certain counties in assessment years following a natural disaster; authorizing the department to use the best information available to estimate levels of assessment; providing sales tax exemptions for specified disaster preparedness supplies during a certain timeframe; providing sales tax exemptions for certain clothing, wallets, bags, school supplies, personal computers, and personal computer-related accessories during a certain timeframe, etc.

AI Summary

This bill proposes several key provisions related to taxation in the state of Florida: 1. It authorizes the Department of Revenue to use the best available information to estimate assessment levels in counties affected by natural disasters, in order to address challenges in statistical and analytical reviews of assessment rolls. 2. It establishes a sales tax holiday from May 31 to June 6, 2019, during which certain disaster preparedness supplies such as portable generators, batteries, and coolers will be exempt from the state sales tax. 3. It establishes a separate sales tax holiday from August 2 to August 4, 2019, during which certain clothing, school supplies, and personal computers and related accessories will be exempt from the state sales tax up to specified price limits. 4. It amends the existing law to change the distribution date of funds to offset reductions in ad valorem tax revenue experienced by certain counties due to hurricane-related property value reductions. 5. It authorizes the Department of Revenue to adopt emergency rules to administer the sales tax holidays.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (2)

Other Sponsors (2)

Appropriations (Senate), Commerce and Tourism (Senate)

Last Action

Laid on Table, companion bill(s) passed, see CS/HB 7123 (Ch. 2019-42) (on 05/02/2019)

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