Florida S0552 prohibits levying ad valorem taxes on tangible personal property by counties, school districts, and municipalities.

Florida S0552 amends the Florida Statutes to prohibit the levying of ad valorem taxes on tangible personal property by counties, school districts, and municipalities. The bill aligns with proposed amendments to the State Constitution that also prohibit such taxes. It repeals several sections related to tangible personal property taxes and amends others to reflect the new prohibition. The bill also includes provisions for refunding previously paid taxes under certain conditions and defines terms related to the tax exemptions.

Florida S0552 prohibits levying ad valorem taxes on tangible personal property by counties, school districts, and municipalities.

Florida S0552 amends the Florida Statutes to prohibit the levying of ad valorem taxes on tangible personal property by counties, school districts, and municipalities. The bill aligns with proposed amendments to the State Constitution that also prohibit such taxes. It repeals several sections related to tangible personal property taxes and amends others to reflect the new prohibition. The bill also includes provisions for refunding previously paid taxes under certain conditions and defines terms related to the tax exemptions.