Amendment 10: Taxes

Would provide an exemption from ad valorem taxes levied by local governments on tangible personal property valued at greater than $25,000 but less than $50,000
Outcome: Failed

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 Jan. 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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what your vote means

Yes

A YES means the state will exempt from local taxes tangible personal property worth more than $25,000 but less than $50,000.

Currently, household goods and money are exempt from tangible personal property tax, as are motor vehicles, boats, airplanes and in most instances mobile homes. Businesses pay most of the state’s tangible personal property tax on purchases unrelated to real estate and buildings, including machinery, equipment and furniture. A YES primarily benefits business and industry, exempting from taxes tangible business purchases of more than $25,000 but less than $50,000. The tax exemption will take effect Jan. 1, 2013.

A YES also means counties and local municipalities can provide additional tangible property tax exemptions. 

No

A NO means the state will not exempt from local taxes tangible personal property -- that is, business purchases including machinery, equipment and furniture -- worth more than $25,000 but less than $50,000.

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Additional information

Amendment 10 Full textClick here to view.
Measure TypeLegislatively-referred constitutional amendment

Funding

Yes

RankContributor nameTotal
1NEAL COMMUNITIES OF SW FLORIDA, LLC$33,750
2FLORIDA POWER AND LIGHT$20,000
3PROTECT OUR CONSTITUTION$10,000
4FLORIDA ASSOCIATION OF REALTOR ADVOCACY$5,000
5RAMBA CONSULTING GROUP, LLC$5,000
33.8%
20.0%
10.0%
5.0%
5.0%
$99.9 thousand raised in total

No

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Editorials

Yes

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No

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Campaign Advertisements

Yes

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No

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Additional Resources

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