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PTO Bulletin 16-04 Property Tax Oversight Bulletin: PTO 16-04 To: Property Appraisers, Tax Collectors, Clerks of the Court, Boards of County Commissioners, Taxing Authorities, and Interested Parties From: Property Tax Oversight Program Date: June 23, 2016 Bulletin: PTO 16-04 FLORIDA DEPARTMENT OF REVENUE PROPERTY TAX INFORMATIONAL BULLETIN Taxation The 2016 legislature enacted Chapter 2016-220, Laws of Florida, (HB 7099) effective on becoming law. The law was approved by the Governor on April 13, 2016. The law:  amends the definitions of “new business” and “expansion of an existing business” to include any business or organization in an area that was designated as an enterprise zone under Ch. 290, F.S., as of December 30, 2015 (See section 2);  states that the new businesses and expansions of existing businesses that are in areas that were designated as enterprise zones under Ch. 290, F.S., as of December 30, 2015, but not in a brownfield area, may qualify for the property tax exemption only if the local governing body approves by motion or resolution, subject to ordinance adoption, or by ordinance enacted before December 31, 2015 (See section 3);  provides that any exemption granted under this section will remain in effect for up to 10 years with respect to any particular facility, or up to 20 years for a data center, regardless of any change in the authority of the county or municipality to grant these exemptions or the expiration of the Enterprise Zone Act under Ch. 290, F.S. (See section 3);  states that this law’s amendments to ss. 196.012 and 196.1995, F.S., which relate to the property tax exemption for certain enterprise zone businesses, are remedial in nature and apply retroactively to December 31, 2015. (See section 4) The full text of the changes is available at http://laws.flrules.org/2016/220. The Department of Revenue has provided this bulletin for your general information. Please distribute to your staff that may be affected by the changes in the law. If you have questions about its contents, please send them to DORPTO@dor.state.fl.us.