No. SB 122
Filed under Taxes & Budget.
Local Business Taxes; Repealing provisions relating to local business taxes; authorizing certain municipalities to continue to impose a business tax; authorizing such municipalities to revise the definition of the term “merchant” in a specified manner, etc.
Plain English Summary
AI-GENERATEDThe bill repeals Chapter 205, eliminating the legal basis for local business taxes across Florida. This removes the authority for counties and municipalities to levy these taxes on most businesses.
A new section allows municipalities to continue imposing a business tax measured by gross receipts. However, these municipalities may not revise the tax rate, though they may change the definition of "merchant."
The bill removes references to local business taxes from state licensing and regulatory statutes. This includes provisions for pest control, health studios, pawnbrokers, and motor vehicle repair shops.
It also removes the requirement for a local business tax receipt to obtain or renew various state-issued licenses and permits. This streamlines the process for businesses operating in regulated industries.
AIRemoves exceptions in state preemption laws that previously allowed local governments to levy business taxes on specific industries like movers, pest control, and bottled water.