ELIMINATING STATE REQUIRED SCHOOL PROPERTY TAX AND REPLACING WITH EQUIVALENT STATE REVENUES TO FUND EDUCATION

Reference:
ARTICLE VII, SECTIONS 4, 9, AND 19; ARTICLE XII, SECTION 28

Summary:
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Replacing state required school property taxes with state revenues generating an equivalent hold harmless amount for schools through one or more of the following options: repealing sales tax exemptions not specifically excluded; increasing sales tax rate up to one percentage point; spending reductions; other revenue options created by the legislature. Limiting subject matter of laws granting future exemptions. Limiting annual increases in assessment of non-homestead real property. Lowering property tax millage rate for schools.

Sponsor:
Florida Taxation and Budget Reform Commission

Status: Removed
Made Ballot: 04/28/2008 
Ballot Number: 5  
Election Year: 2008 




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