Legislative Session Ends
The Florida Legislature adjourned Sine Die at 6:45 p.m. on Friday, March 11, 2016. In a first ever appearance, Governor Rick Scott joined the House and Senate for adjournment of Session in the Capitol Rotunda, where they all made short speeches about the Session to a jam-packed crowd.
This report includes the FBMA-tracked bills for the 2016 Legislative Session that passed the Florida Legislature. For the bills that passed, once they are passed by the House and Senate (Enrolled bill) they are forwarded to the Governor for approval. The Governor may sign them, just let them become law without his signature, or veto them. Once they become law they are assigned a Laws of Florida (LOF) number. During the summer the Statutory Revision Commission places the Laws of Florida into the Statutes or the Secretary of State places them on the election ballot if they are proposed Constitutional Amendments.
We will furnish a more comprehensive report by the end of March when the dust settles so that you will know about all the bills passed that could potentially affect your business in one way or another and other bills that may be of general interest.
|SB 180 Relating to Trade Secrets - Enrolled
||CS/SB 180 expands the definition of the term “trade secret,” as provided in s. 812.081, F.S., to expressly include financial information.
An individual who steals, copies without authorization, or misappropriates financial information which meets the criteria as a trade secret is guilty of a third degree felony under s. 812.081, F.S.
The committee substitute also reenacts relevant statutes for the purpose of incorporating the expanded definition of “trade secret.”
The bill takes effect on October 1, 2016
2/24/16 Approved by the Governor. Now Chapter No. 2016-5, LOF
|HB 193 Solar or Renewable Energy Devices – Enrolled
||This joint resolution proposes two amendments to the Constitution. The first amendment exempts the assessed value of a renewable energy source device from ad valorem tax on tangible personal property.
The second amendment authorizes the Legislature to prohibit, by general law, a property appraiser from considering the installation of a renewable energy source device in the determination of assessed value of real property for the purpose of ad valorem taxation. This expands the current constitutional provision by including all real property, not just real property used for residential purposes. This provision is permissive and does not require the Legislature to enact legislation. Any change or improvement to real property for the purposes of resistance to wind damage remains limited to residential real property.
|3/9/16 Passed Legislature. Filed with Secretary of State for election ballot.