HOUSE AMENDMENT

    hbd-05                Bill No. CS for CS for SB 1566, 1st Eng.

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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10                                                                

11  Representative(s) Posey offered the following:

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13         Amendment to Amendment (553475) (with title amendment) 

14         On page 168, between lines 26 & 27,

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16  insert:

17         Section 71.  Paragraph (c) is added to subsection (15)

18  of section 196.012, Florida Statutes, to read:

19         196.012  Definitions.--For the purpose of this chapter,

20  the following terms are defined as follows, except where the

21  context clearly indicates otherwise:

22         (15)  "New business" means:

23         (c)  A business that is situated on property annexed

24  into a municipality and that, at the time of the annexation,

25  is receiving an economic development ad valorem tax exemption

26  from the county under s. 196.1995.

27         Section 72.  Present subsections (6), (7), (8), and (9)

28  of section 196.1995, Florida Statutes, are redesignated as

29  subsections (7), (8), (9), and (10), respectively, and a new

30  subsection (6) is added to said section, to read:

31         196.1995  Economic development ad valorem tax

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    File original & 9 copies    04/28/99
    hbd0007                     08:16 pm         01566-0032-060445




                                                   HOUSE AMENDMENT

    hbd-05                Bill No. CS for CS for SB 1566, 1st Eng.

    Amendment No.     (for drafter's use only)





 1  exemption.--

 2         (6)  With respect to a new business as defined by s.

 3  196.012(15)(c), the municipality annexing the property on

 4  which the business is situated may grant an economic

 5  development ad valorem tax exemption under this section to

 6  that business for a period that will expire upon the

 7  expiration of the exemption granted by the county. If the

 8  county renews the exemption under subsection (7), the

 9  municipality may also extend its exemption. A municipal

10  economic development ad valorem tax exemption granted under

11  this subsection may not extend beyond the duration of the

12  county exemption.

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15  ================ T I T L E   A M E N D M E N T ===============

16  And the title is amended as follows:

17         On page 181, line 31, of the amendment

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19  after the semicolon insert:

20         amending s. 196.012, F.S.; providing that a

21         business that is receiving an economic

22         development ad valorem tax exemption from a

23         county and that is situated on property annexed

24         into a municipality qualifies as a "new

25         business" for ad valorem tax exemption

26         purposes; amending s. 196.1995, F.S.; providing

27         that the annexing municipality may grant an

28         economic development ad valorem tax exemption

29         to said business for the same duration as the

30         county exemption;

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    File original & 9 copies    04/28/99
    hbd0007                     08:16 pm         01566-0032-060445