Florida Statute 159.50 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 159
BOND FINANCING

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F.S. 159.50

159.50 Tax exemption.—The exercise of the powers granted by ss. 159.44-159.53 in all respects will be for the benefit of the people of the state, for the increase of their industry and prosperity and the improvement of their health and living conditions, and for the provision of gainful employment and will constitute the performance of essential public functions, and the authority shall not be required to pay any taxes on any project or any other property owned by the authority under the provisions of ss. 159.44-159.53 or upon the income therefrom. The bonds issued under the provisions of ss. 159.44-159.53, their transfer, and the income therefrom (including any profit made on the sale thereof), and all notes, mortgages, security agreements, letters of credit, or other instruments which arise out of or are given to secure the repayment of bonds issued in connection with any project financed under this part, shall at all times be free from taxation by the state or any local unit or political subdivision or other instrumentality of the state. Nothing in this section, however, shall be construed as exempting from taxation or assessments the leasehold interest of any lessee in any project or any other property or interest owned by any lessee. The exemption granted by this section shall not be applicable to any tax imposed by chapter 220 on interest, income, or profits on debt obligations owned by corporations.

History.—s. 7, ch. 70-229; s. 4, ch. 73-327; s. 21, ch. 86-152.

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Amendments to 159.50

Arrestable Offenses / Crimes under Fla. Stat. 159.50

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 159.50.

Annotations, Discussions, Cases:

Cases Citing Statute 159.50

Total Results: 6

Taylor v. Lutz

Court: District Court of Appeal of Florida | Date Filed: 2014-04-07

Citation: 134 So. 3d 1146, 2014 WL 1356057, 2014 Fla. App. LEXIS 5098

Snippet: under the final judgment, Former Wife sought $11,159.50 in attorney’s fees, which had accrued since her

Ago

Court: Florida Attorney General Reports | Date Filed: 1988-09-14

Snippet: enumerated in ss. 125.019,154.2331, 159.15, 159.31, 159.50, and 159.708, F.S.? 2. If such rents are already

Dept. of Revenue v. First Union Nat. Bk.

Court: Supreme Court of Florida | Date Filed: 1987-09-24

Citation: 513 So. 2d 114, 12 Fla. L. Weekly 489, 1987 Fla. LEXIS 2717

Snippet: tax, to wit: Sections 125.019, 159.15, 159.31, 159.50, 183.14, 215.76, 243.33, 315.11, 340.20, 348.122

Ago

Court: Florida Attorney General Reports | Date Filed: 1980-07-30

Snippet: created pursuant to part III, ch. 159. And see s. 159.50, which provides that the `exercise of the powers

Atlantic Coast Line Railroad v. Richardson

Court: Supreme Court of Florida | Date Filed: 1934-10-15

Citation: 157 So. 17, 117 Fla. 10, 1934 Fla. LEXIS 1178

Snippet: Minnesota Iron Co. v. Kline, 199 U.S. 593, 26 S.Ct. 159, 50 L. E. 322; Mobile, etc., R. Co. v. Turnipseed supra;

Harris v. Ferris

Court: Supreme Court of Florida | Date Filed: 1881-01-15

Citation: 18 Fla. 84

Snippet: Feb. 28--By receipts for Feb..................... 159.50 Amount carried forward...................$1,659