Legislative Hearing - Ordinance 18-013 Increasing Business Tax Receipt Rates by 5 percent.  SECOND READING

In accordance with Florida Statute 205.0535, in 2008 the City established an Equity Study Commission to review and recommend a revised classification system and rate structure for business taxes.  This statute allowed for an initial 10% increase, with up to a 5% increase every other year thereafter if approved by a 4/5ths vote of the governing body.

Under Florida Statute 205.0535(4), “municipalities and counties may, every other year thereafter, increase or decrease by ordinance the rates of business taxes by up to 5 percent. An increase, however, may not be enacted by less than a majority plus one vote of the governing body. Nothing in this chapter shall be construed to prohibit a municipality or county from decreasing or repealing any business tax authorized under this chapter.”

At the March conference agenda, the Mayor and City Commission gave consensus that they would consider an ordinance to increase the annual rate of a business tax receipt.

 

Adopt Ordinance 18-013.

Do not adopt the ordinance or modify the rate of increase.

Linda W. Cox, City Clerk

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