Senate Bill sb2034
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Florida Senate - 2003 SB 2034
By Senator Sebesta
16-1113-03
1 A bill to be entitled
2 An act relating to the high-speed rail system;
3 amending s. 341.8203, F.S.; deleting the term
4 "associated development" from the definition of
5 "high-speed rail system"; amending s. 341.840,
6 F.S.; providing that the Florida High-Speed
7 Rail Authority, its agent, or the owner of the
8 high-speed rail system is not required to pay
9 taxes or assessments related to the operation
10 of the high-speed rail system; providing an
11 effective date.
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13 Be It Enacted by the Legislature of the State of Florida:
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15 Section 1. Subsection (6) of section 341.8203, Florida
16 Statutes, is amended to read:
17 341.8203 Definitions.--As used in this act, unless the
18 context clearly indicates otherwise, the term:
19 (6) "High-speed rail system" means any high-speed
20 fixed guideway system for transporting people or goods, which
21 system is capable of operating at speeds in excess of 120
22 miles per hour, including, but not limited to, a monorail
23 system, dual track rail system, suspended rail system,
24 magnetic levitation system, pneumatic repulsion system, or
25 other system approved by the authority. The term includes a
26 corridor and structures essential to the operation of the
27 line, including the land, structures, improvements,
28 rights-of-way, easements, rail lines, rail beds, guideway
29 structures, stations, platforms, switches, yards, parking
30 facilities, power relays, switching houses, rail stations,
31 associated development, and any other facilities or equipment
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Florida Senate - 2003 SB 2034
16-1113-03
1 used or useful for the purposes of high-speed rail system
2 design, construction, operation, maintenance, or the financing
3 of the high-speed rail system.
4 Section 2. Section 341.840, Florida Statutes, is
5 amended to read:
6 341.840 Tax exemption.--
7 (1) The exercise of the powers granted by this act
8 will be in all respects for the benefit of the people of this
9 state, for the increase of their commerce, welfare, and
10 prosperity, and for the improvement of their health and living
11 conditions., and as The design, building, operation,
12 maintenance, and financing of a high-speed rail system by the
13 authority or its agent or the owner or lessee thereof, as
14 herein authorized, constitutes the performance of an essential
15 public function.
16 (2) For these reasons, the authority, its agent, or
17 the owner of such high-speed rail system is not required to
18 pay any taxes or assessments on:
19 (a) Facilities directly related to the operation of
20 the high-speed rail system.
21 (b) Any real property directly related to the
22 operation of the high-speed rail system, neither the
23 authority, its agent, nor the owner of such system shall be
24 required to pay any taxes or assessments upon or in respect to
25 the system or any property acquired or used by the authority,
26 its agent, or the system such owner.
27 (c) Any income derived directly from the operation of
28 the high-speed rail system under the provisions of this act or
29 upon the income therefrom, any security therefor, their
30 transfer, and the income therefrom, including any profit made
31 on the sale thereof, shall at all times be free from taxation
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Florida Senate - 2003 SB 2034
16-1113-03
1 of every kind by the state, the counties, and the
2 municipalities and other political subdivisions in the state.
3 Section 3. This act shall take effect upon becoming a
4 law.
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7 SENATE SUMMARY
8 Deletes the term "associated development" from the
definition of "high-speed rail system." Provides that
9 the Florida High-Speed Rail Authority, its agent, or the
owner of the high-speed rail system is not required to
10 pay taxes or assessments related to the operation of the
high-speed rail system, including any real property
11 directly related to or any income derived from the
high-speed rail system's operation.
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