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Florida Supreme Court to Review Amendment 5

Florida Supreme Court to Review Tax Swap Plan

TALLAHASSEE – The fate of the Amendment 5 tax swap is in the hands of the Florida Supreme Court.

The First District Court of Appeal in the state capitol today agreed to fore go its review of a state judge’s decision to strip from the ballot the plan that would eliminate most school property taxes, sending the case to the Supreme Court. The seven-justice body must agree to accept the case and hear arguments.

Last week, Circuit Judge John Cooper threw Amendment 5 off the Nov. 4 ballot, ruling that the summary prepared for voters was misleading about the potential effect the amendment could have on school funding.

Amendment 5 would cut Floridians’ property tax bills by one-quarter starting in 2010. To make up for the lost revenue, legislators would have to boost the state’s 6-cent sales tax by a penny and raise billions more in revenues by closing sales tax exemptions and cutting services.

Gov. Charlie Christ and the real-estate industry are the chief supporters of the tax plan, while teachers’ unions and a broad array of business groups worried about a services tax oppose it.

By: Josh Hafenbrack
Source: Sun
Posted: August 19, 2008

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The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. This is not to be construed as a solicitation of property presently listed for sale.

All information is derived from the Palm Beach County Property Appraisers website and the MLS.