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 Sentinel.com
Posted: August 19, 2008

View more information on Amendment 5
Link: https://www.giveme5florida.com/myths.html

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Luxury Resort Portfolio – "The Definitive Source For Luxury Real Estate In South Florida" is Co-Founded by Boca Raton luxury real estate specialist Philip Lyle Smith and South Florida luxury real estate broker Carla Ferreira-Smith, collectively known as, “The Smiths”… and together we represent, market and sell the most prestigious Baca Raton Oceanfront Estates and Waterfront Luxury Real Estate. As former Sotheby’s International Realty and Christie’s International Real Estate affiliates and an authority in Boca Raton luxury real estate for more than a decade, Palm Beach County Realtors,The Smiths, specialize in the sale and acquisition of fine properties found along the Gold Coast of South Florida from Miami to Ft. Lauderdale and Boca Raton to the Palm Beaches. Philip and Carla Smith bring a sincere commitment to their profession and offer their clients incomparable firsthand knowledge and experience. Devoted and committed to our clients’ confidentiality, we provide our trusted advice and are appreciated for our family values with a great deal of respect for home and community. Representing both buyers and sellers of the finest residential luxury real estate in South Florida from the oceanfront estates of Highland Beach and Delray Beach through the waterfront intracoastal homes of Manalapan, Gulf Stream and the mansions of Palm Beach, Luxury Resort Portfolio instills in its’ real estate professionals the importance of understanding how personal the decision is to buy or sell your home and that that the procedure should not only be stress-free... but financially rewarding. It is with great pride that Philip Lyle Smith and Carla Ferreira-Smith offer to you their superb client services.