summary
Introduced
02/10/2025
02/10/2025
In Committee
02/19/2025
02/19/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
An act relating to local business taxes; amending s. 11.40, F.S.; conforming provisions to changes made by the act; amending s. 11.45, F.S.; requiring the Auditor General to contact certain local governments; requiring such local government provide specified evidence within a certain time period; requiring notification to the Legislative Auditing Committee in specified circumstances; amending s. 205.0315, F.S.; authorizing specified entities to continue to levy a certain tax; prohibiting the repeal or modification of certain ordinances beginning a date certain; providing an exception; amending ss. 205.033 and 205.043, F.S.; revising the conditions imposed on taxing authorities governing the levy of a specified tax; amending s. 205.0535, F.S.; providing definitions; prohibiting reclassification of businesses subject to a specified tax rate; prohibiting the revenue generated from a certain tax from exceeding a specified value; requiring specified actions be taken in event of a violation of such prohibition; providing applicability; amending s. 205.0536, F.S.; conforming provisions to changes made by the act; amending s. 205.046, F.S.; requiring a specified document be filed with a certain audit; providing requirements for such hb503-00 document; amending ss. 215.97, 218.32, and 489.537, F.S.; conforming a cross-reference; providing an effective date.
AI Summary
This bill addresses local business taxes in Florida and introduces several key changes to how counties and municipalities can levy and manage business taxes. Beginning October 1, 2025, local governments will be required to decrease their business tax rates and ensure that total revenue generated from these taxes does not exceed a "revenue base" established by the total revenue collected in either the fiscal year ending September 30, 2024, or 2025, whichever is greater. If a local government's business tax revenue exceeds this base in a subsequent fiscal year, they must proportionally adjust tax rates and issue refunds to businesses. The bill also requires local governments to provide evidence of compliance with these new rules to the Auditor General, who can notify the Legislative Auditing Committee if a government fails to comply. Additionally, the legislation prohibits reclassifying businesses or establishing new tax rate structures, with some exceptions for fiscally constrained counties. The bill aims to create more consistency and transparency in local business taxation by establishing clear guidelines for tax rate adjustments and revenue limits, with the goal of preventing unexpected tax increases for businesses.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (4)
Last Action
Indefinitely postponed and withdrawn from consideration (on 05/03/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2025/503 |
| Analysis - Intergovernmental Affairs Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2025/503/Analyses/h0503c.IAS.PDF |
| Analysis - Intergovernmental Affairs Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2025/503/Analyses/h0503b.IAS.PDF |
| Analysis - Ways & Means Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2025/503/Analyses/h0503a.WMC.PDF |
| Analysis - Ways & Means Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2025/503/Analyses/h0503.WMC.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2025/503/BillText/Filed/PDF |
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