SB720,2,4 1An Act to repeal 71.775 (1) (b), 77.51 (13gm) (a) 1. and 2., 77.51 (13gm) (d) 1.
2and 77.51 (13gm) (d) 3. and 4.; to renumber and amend 77.51 (13gm) (a)
3(intro.); to consolidate, renumber and amend 71.775 (1) (intro.) and (a); to
4amend 48.561 (3) (a) 3., 48.561 (3) (b), 59.25 (3) (i), 66.0602 (3) (h) 2. a., 66.0602
5(6) (a), 66.0602 (6) (b), 66.1105 (6m) (d) 4., 70.46 (4), 70.855 (4) (b), 70.995 (8)
6(c) 1., 70.995 (8) (d), 70.995 (14) (b), 71.04 (1) (a), 71.04 (1) (b) (intro.), 71.04 (3)
7(b), 71.04 (4) (intro.), 71.04 (9), 71.05 (6) (b) 4., 71.07 (9m) (h), 71.25 (6) (intro.),
871.28 (6) (h), 71.47 (6) (h), 71.55 (10), 71.76, 71.77 (7) (b), 71.78 (1), 71.87,
973.0305, 73.09 (4) (c), 73.09 (5), 73.16 (4), 74.315 (1), 74.315 (2), 74.315 (3), 76.04
10(1), 76.07 (1), 76.075, 76.13 (3), 76.28 (4) (b), 76.28 (11), 76.39 (4) (d), 76.48 (5),
1177.51 (13gm) (b), 77.51 (13gm) (c), 77.51 (13gm) (d) 2., 77.51 (13gm) (d) 5., 77.52
12(2m) (b), 77.54 (6) (am) 2., 77.54 (9a) (f), 79.02 (1), 79.02 (2) (b), 79.02 (3) (a),
1379.02 (3) (e), 79.035 (6), 79.035 (7) (b), 79.05 (1) (am) and 79.05 (2m); and to
14create 71.04 (1) (c), 71.04 (9m), 71.52 (1g), 71.738 (3c), 71.738 (3d), 71.738 (3f),

171.738 (3g), 71.738 (5b), 71.745, 71.75 (11), 71.78 (11), 71.80 (26), 71.80 (27),
271.83 (1) (a) 12., 74.315 (1m) and 77.61 (5) (b) 8m. of the statutes; relating to:
3various changes to the laws administered and enforced by the Department of
4Revenue.

Under current law, the state reduces the shared revenue payments to counties
and municipalities for various purposes, including for the collection of penalties and
the reimbursement for other amounts. However, current law is not consistent with
regard to which components of shared revenue are reduced for these purposes. This
bill provides that all such reductions are from the payment of all shared revenue
components that the counties and municipalities receive on the fourth Monday in
July and the third Monday in November.

Under current law, counties and municipalities receive 15 percent of their
shared revenue payments on the fourth Monday in July and the remainder on the
third Monday in November, except that municipalities receive the entire amount of
their payment under the expenditure restraint program on the fourth Monday in
July. The bill allows municipalities to receive their entire expenditure restraint
before the fourth Monday in July, upon certification by DOR.

Under current law, the inflation factor used to compute a municipality's
expenditure restraint payment is a percentage equal to the average annual
percentage change in the U.S. consumer price index for all urban consumers, U.S.
city average, as determined by the U.S. Department of Labor, for the 12 months
ending on September 30. The bill modifies the consumer price index provision so that
it is for the 12 months ending on August 31.

Current law requires a taxation district clerk to annually submit to DOR a
listing of the taxes on property omitted from assessment in any of the previous two
years that are to be included in the next assessment. However, the clerk reports the
omitted taxes only if those taxes exceed $5,000. The bill modifies that $5,000
threshold so that the clerk reports the omitted taxes that are $250 or more for any
single description of property. The bill also provides that the clerk may not list an
omitted tax that was levied on property within a tax incremental district unless the
current value of the district is lower than the tax incremental base.

Current law imposes license fees instead of property taxes on certain public
utilities. The fees are based, generally, on the value of a utility's property. Utilities
that are subject to the fees include light, heat, and power companies, pipeline
companies, and railroad companies. Each such company, other than a railroad
company, must file a report with DOR on or before May 1 of each year. DOR
determines the value of the company's property on or before September 15. A
railroad company must file its report on or before April 15 and its value is determined
on or before August 1. The bill changes the filing and determination dates for a
railroad company so that those dates are the same as those for other public utilities.