It changes how local property tax limits are computed and reported, which can affect local budgets and individual tax bills.
Revises definitions for "maximum total county ad valorem taxes levied" and "maximum total municipal ad valorem taxes levied" to reference calculations in s. 200.065(5).
Changes the maximum millage calculation to a rolled-back rate based on the taxes that would have been levied if the maximum millage had been applied, adjusted for change in per-capita Florida personal income.
Allows millage rates to exceed individual maximums when total county or municipal ad valorem taxes remain below the maximum totals; preserves exceptions for recently levying districts and hospital surtax accounting.
Requires taxing authorities to certify compliance to the Department of Revenue and include the maximum millage rates and supporting values and calculations.
Reenacts sections 218.12, 218.125, and 218.136 to update references so fiscal-offset distributions use the amended s. 200.065 calculations.
No hearings or votes scheduled.