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Amendment 10: Tangible personal property tax exemption

2:55 PM, Sep 20, 2012   |    comments
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This amendment would double the tangible personal property tax exemption and allow local governments to increase the exemption. 

A "yes" vote on this amendment means you want to double the tangible personal property tax exemption and allow cities and counties to expand the exemption as well. 

A "no" vote means you do not want to double the tangible property tax exemption or have local governments expand the exemption either.

THE DETAILS

This page contains a summary of Amendment 10, which will be on the November ballot in Florida's Presidential General Election

On the left hand side of this page you'll also find a link that allows you to download complete copies of each proposed initiative. This summary have been provided by the Florida Department of State Division of Elections.

BALLOT SUMMARY

Proposing an amendment to the State Constitution to:

(1) Provide an exemption from ad valorem taxes levied by counties, municipalities, school districts, and other local governments on tangible personal property if the assessed value of an owner's tangible personal property is greater than $25,000 but less than $50,000.

This new exemption, if approved by the voters, will take effect on January 1, 2013, and apply to the 2013 tax roll and subsequent tax rolls.

(2) Authorize a county or municipality for the purpose of its respective levy, and as provided by general law, to provide tangible personal property tax exemptions by ordinance. This is in addition to other statewide tangible personal property tax exemptions provided by the Constitution and this amendment.

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