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The Florida Senate

HB 995: Revenue-Neutral Tax Reform

GENERAL BILL by Costello ; Corcoran ; (CO-INTRODUCERS) Trujillo

Revenue-Neutral Tax Reform; Replaces revenue from required local effort school property tax with revenue from state sales tax increase; provides legislative intent & findings; provides for 2.5 cent increase in tax on sales, use, & other transactions as replacement for required local effort school property tax; revises brackets for calculating sales tax amounts; provides for reservation & allocation of revenues from additional 2.5 cent increase in tax rate, etc.

Effective Date: 1/1/2012
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/24/2011 House • Filed
3/3/2011 House • Referred to Finance and Tax Committee; PreK-12 Appropriations Subcommittee; Appropriations Committee -HJ 87
3/8/2011 House • Introduced -HJ 87
5/7/2011 House • Indefinitely postponed and withdrawn from consideration
• Died in Finance and Tax Committee