| 1 | A bill to be entitled |
| 2 | An act relating to the City of Weeki Wachee, Hernando |
| 3 | County; amending chapter 2004-432, Laws of Florida; |
| 4 | limiting the rate of ad valorem taxation on real property; |
| 5 | prohibiting the levy of ad valorem taxes on tangible |
| 6 | personal property; providing an effective date. |
| 7 |
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| 8 | Be It Enacted by the Legislature of the State of Florida: |
| 9 |
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| 10 | Section 1. Section 3 of chapter 2004-432, Laws of Florida, |
| 11 | is amended to read: |
| 12 | Section 3. The rate amount of ad valorem taxation taxes |
| 13 | levied by the City of Weeki Wachee annually on real and personal |
| 14 | property within the geographic boundaries of the city may not |
| 15 | exceed .001 mill on 3 percent per annum of the taxes levied of |
| 16 | the total assessed valuation of the property. The City of Weeki |
| 17 | Wachee may not levy ad valorem taxes on tangible personal |
| 18 | property. |
| 19 | Section 2. This act shall take effect upon becoming a law. |