Fla. Supreme Court Considering Tax Cap Amendment

By: Associated Press
By: Associated Press

TALLAHASSEE, Fla. (AP) -- The Florida Supreme Court is reviewing a citizen initiative that would offer property owners more tax relief.

The justices heard arguments Wednesday on the potential 2010 ballot proposal. It came 14 hours after polls closed for this year's election.

The proposal would limit taxes to 1.35 percent of the highest taxable value of a home or other property, although local voters could raise the cap. It could cut taxes up to $7 billion a year.

The justices will determine if the proposed state constitutional amendment covers only a single subject and has an accurate title and ballot summary.

Petition sponsors say tax cuts ordered by law last year and in an amendment passed in January don't go far enough.

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