Florida/Georgia Personal Injury & Workers Compensation

...es or upon any revenues at any time received by it.... The exemption granted in this subparagraph is not applicable to any tax imposed by chapter 220 on interest, income, or profits on debt obligations owned by corporations. (Emphasis added) [3] See Section 196.295(1) and Rule 12D-13.016(1), which provide that when any governmental unit purchases or otherwise acquires property for government purposes, the person owning such property shall be required to place in escrow with the county tax collec...

it permits the proration of taxes? SUMMARY: Section 196.295, F.S. (1974 Supp.), as created by s. 13, Ch

units who acquire fee title to property in section 196.295, Florida Statutes, which provides: "(1) In

...Thus, the Legislature has made provision for the proration and cancellation of current taxes imposed by all political subdivisions on land acquired by a county. 5 A method for guaranteeing that the taxes on property will be collected for the period prior to the transfer of ownership to a governmental unit is set forth in section 196.295 , Florida Statutes. In the event that land is transferred to an exempt entity, such as the county, section 196.295 (2), Florida Statutes, mandates taxpayer liability for those taxes due from prior years on such property....

...(1971), strictly to allow the cancellation or proration of taxes for that tax year upon government-owned lands only when such lands were owned by those governmental entities set forth in the statute (at that time only the county or school board were set forth therein). 6 Section 196.295 (1), Florida Statutes, provides that: In the event fee title to property is acquired between January 1 and November 1 of any year by a governmental unit exempt under this chapter by any means except condemnation or is acquired by any...