Florida Senate - 2018 COMMITTEE AMENDMENT Bill No. HJR 7001 Ì813842(Î813842 LEGISLATIVE ACTION Senate . House Comm: FAV . 02/20/2018 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Appropriations Subcommittee on Finance and Tax (Stargel) recommended the following: 1 Senate Amendment (with ballot and title amendments) 2 3 Delete everything after the resolving clause 4 and insert: 5 That the following creation of Section 19 of Article VII of 6 the State Constitution is agreed to and shall be submitted to 7 the electors of this state for approval or rejection at the next 8 general election or at an earlier special election specifically 9 authorized by law for that purpose: 10 ARTICLE VII 11 FINANCE AND TAXATION 12 SECTION 19. Supermajority vote required to increase state 13 tax revenues by increasing taxes.— 14 (a) A law that imposes a new tax, increases the rate or 15 amount of a tax, or expands a tax base, and that results in a 16 net increase in state revenues, must be approved by three-fifths 17 of the membership of each house of the legislature. 18 (b) As used in this section, the term: 19 (1) “Expands a tax base” means broadening the scope of a 20 tax to include additional classes of property, activity, or 21 income, but does not include the amendment or repeal of a credit 22 or exemption. 23 (2) “Net increase in state revenues” means the revenues 24 produced by the tax increases contained in the law, minus any 25 revenue reductions contained in the law. For purposes of this 26 paragraph, whether a law results in a net increase is determined 27 by the annual net revenues estimated to be collected in the 28 first state fiscal year when all the changes in the bill are 29 fully effective. For a law that both increases and reduces 30 revenues, a revenue increase of less than one percent (1%) of 31 the tax increases contained in the law is not considered a net 32 increase in state revenues. 33 (c) This section does not authorize the imposition of any 34 state tax otherwise prohibited by this constitution, and does 35 not apply to any tax imposed by, or authorized to be imposed by, 36 a county, municipality, school board, or special district. 37 38 ====== B A L L O T S T A T E M E N T A M E N D M E N T ====== 39 And the ballot statement is amended as follows: 40 Delete everything after the resolving clause 41 and insert: 42 CONSTITUTIONAL AMENDMENT 43 ARTICLE VII, SECTION 19 44 SUPERMAJORITY VOTE REQUIRED TO INCREASE STATE TAX REVENUES 45 BY INCREASING TAXES.—Requires a law that imposes a new tax, 46 increases the rate or amount of a tax, or expands a tax base, 47 and that results in a net increase in state revenues, to be 48 approved by three-fifths of the membership of each house of the 49 Legislature. Defines the terms “expands a tax base” and “net 50 increase in state revenues.” This amendment does not apply to 51 county, municipality, school board, or special district taxes. 52 53 ================= T I T L E A M E N D M E N T ================ 54 And the title is amended as follows: 55 Delete everything before the resolving clause 56 and insert: 57 House Joint Resolution 58 A joint resolution proposing the creation of Section 59 19 of Article VII of the State Constitution to require 60 a law that imposes a new tax, increases the rate or 61 amount of a tax, or expands a tax base, and that 62 results in a net increase in state revenues, to be 63 approved by three-fifths of the membership of each 64 house of the Legislature.