PCS for HB 673 2022 — Tourist Development Taxes

Summary

PCS for HB 673 2022 is a bill relating to tourist development taxes that amends section 125.0104, Florida Statutes. New paragraph (d) states that a fiscally constrained county located adjacent to the Gulf of Mexico or the Atlantic Ocean may use up to 10 percent of the tourist development tax revenues received to reimburse expenses incurred in providing public safety services, even if the county does not meet the requirements under paragraph (c). The bill also redesignates paragraphs (d) and (e) of subsection (5) as paragraphs (e) and (f), respectively, and corrects a cross-reference. Section 2 provides that the act takes effect July 1, 2022.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Issuer: Congressional materials
Document type: 2022 3103 Tourism Infrastructure Energy Subcommittee Proposed Committee Bills Pcbs Fn Pcs
Case: 2022 3103 Tourism Infrastructure Energy Subcommittee Proposed Committee Bills Pcbs Fn Pcs For Hb 673

Cite this document

“PCS for HB 673 2022 — Tourist Development Taxes.” Original at www.flhouse.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-3103-tourism-infrastructure-energy-subcommittee-proposed-committee-bills-pcbs-fn-pcs-for-hb-673/, SHA-256 86b1354e712eb0e53ceda1ee188abc6784508414f556516a3ac851c3079e2b87.

Full text

F   L     O    R   I   D    A      H    O   U   S   E   O   F     R    E   P    R   E   S   E   N   T   A   T   I   V   E   S




           PCS for HB 673                                                                                       2022




    1                                           A bill to be entitled
    2              An act relating to tourist development taxes; amending
    3              s. 125.0104, F.S.; authorizing certain fiscally
    4              constrained counties to be reimbursed for the use of
    5              tourist development tax revenues for certain purposes
    6              regardless of whether certain other requirements are
    7              met; correcting a cross-reference; providing an
    8              effective date.
    9
10         Be It Enacted by the Legislature of the State of Florida:
11
12                 Section 1.           Paragraphs (d) and (e) of subsection (5) of
13         section 125.0104, Florida Statutes, are redesignated as
14         paragraphs (e) and (f), respectively, present paragraph (e) of
15         that subsection is amended, and new paragraph (d) is added to
16         that subsection, to read:
17                 125.0104            Tourist development tax; procedure for levying;
18         authorized uses; referendum; enforcement.—
19                 (5)          AUTHORIZED USES OF REVENUE.—
20                 (d)          A fiscally constrained county, as defined in s.
21         218.67(1) that is located adjacent to the Gulf of Mexico or the
22         Atlantic Ocean, may use up to 10 percent of the tourist
23         development tax revenues received to reimburse expenses incurred
24         in providing public safety services, even if the county
25         designated as a fiscally constrained county does not meet the

                                                         Page 1 of 2
        PCS for HB 673
        CODING: Words stricken are deletions; words underlined are additions.
                                                                                                                        V
F   L   O   R   I   D    A    H   O   U   S   E     O    F     R    E   P    R   E   S   E   N   T   A   T   I   V   E   S




        PCS for HB 673                                                                                       2022




26      requirements under paragraph (c).
27              (e)(d)       The revenues to be derived from the tourist
28      development tax may be pledged to secure and liquidate revenue
29      bonds issued by the county for the purposes set forth in
30      subparagraphs (a)1., 2., and 5. or for the purpose of refunding
31      bonds previously issued for such purposes, or both; however, no
32      more than 50 percent of the revenues from the tourist
33      development tax may be pledged to secure and liquidate revenue
34      bonds or revenue refunding bonds issued for the purposes set
35      forth in subparagraph (a)5. Such revenue bonds and revenue
36      refunding bonds may be authorized and issued in such principal
37      amounts, with such interest rates and maturity date s, and
38      subject to such other terms, conditions, and covenants as the
39      governing board of the county shall provide. The Legislature
40      intends that this paragraph be full and complete authority for
41      accomplishing such purposes, but such authority is supplemental
42      and additional to, and not in derogation of, any powers now
43      existing or later conferred under law.
44              (f)(e)       Any use of the local option tourist development tax
45      revenues collected pursuant to this section for a purpose not
46      expressly authorized by paragraph (3)(l) or paragraph (3)(n) or
47      paragraphs (a)-(e)(a)-(d) of this subsection is expressly
48      prohibited.
49              Section 2.         This act shall take effect July 1, 2022.



                                                      Page 2 of 2
     PCS for HB 673
     CODING: Words stricken are deletions; words underlined are additions.
                                                                                                                     V

File and source

File: 2022_3103_tourism-infrastructure-energy-subcommittee_proposed-committee-bills-pcbs_fn-pcs-for-hb-673.pdf
Size: 98,258 bytes
SHA-256: 86b1354e712eb0e53ceda1ee188abc6784508414f556516a3ac851c3079e2b87
Our copy: 2022_3103_tourism-infrastructure-energy-subcommittee_proposed-committee-bills-pcbs_fn-pcs-for-hb-673.pdf
Original: www.flhouse.gov