Sec. 793.101. - City's intent to secure maximum local discretionary communications services tax.

To insure that the City maintains its receipt of an amount equal to current tax revenues which will be replaced with a new discretionary communications services tax effective October 1, 2001, the City evidenced its intent in Ordinance 2001-427-E and hereby further evidences its intent and desire to secure the local discretionary communications services tax rate of 5.1 percent effective as of October 1, 2001, and the maximum local discretionary communications services tax rate of 5.1 percent effective as of October 1, 2002, all being pursuant to F.S. § 202.20. Pursuant to F.S. § 202.20 as revised in 2001, the City shall also receive certain additional communications services tax due to the conversion of local option discretionary surtax under F.S. § 202.055 (as of October 1, 2001 the City's discretionary surtax conversion rate is 0.6 percent). (Ord. No. 2002-794-E, § 2)