Florida Administrative Code
12 - DEPARTMENT OF REVENUE
12D - Property Tax Oversight Program
Chapter 12D-3 - TAXATION OF INTERESTS OF NON-GOVERNMENTAL LESSEES IN PROPERTY OWNED BY GOVERNMENTAL UNITS
Section 12D-3.003 - Assessment and Taxation of Interests of Non-governmental Lessees in Governmentally Owned Property Which are Subject to Ad Valorem Taxation
Current through Reg. 50, No. 187; September 24, 2024
(1) Interests described in subsection 12D-3.002(1), F.A.C., shall be assessed and taxed on the appropriate ad valorem tax rolls of the county where located.
(2) Interests described in subsections 12D-3.002(2) and (3), F.A.C., are deemed to be owned by the lessee and shall be assessed and taxed on the appropriate ad valorem tax rolls of the county where located.
(3) Interests described in subsection 12D-3.002(4), F.A.C., upon which rental payments are due pursuant to the agreement creating said interest, shall be taxed as intangible personal property pursuant to Section 199.032, F.S. (2005). Nominal payments shall be deemed rental payments for purposes of determining the method of taxation but not for determining valuation of the interest.
(4) Interests described in subsection 12D-3.002(4), F.A.C., upon which no rental payments are due pursuant to the agreement creating such interest, shall be assessed on the tax rolls of the county where located and shall be taxed as real property.
Rulemaking Authority 195.027(1), 213.06(1) FS. Law Implemented s. 9. Chapter 2006-312, L.O.F., 196.001, 196.199, 199.023 (2005), 199.032 (2005) FS.
New 12-31-80, Formerly 12D-3.03, Amended 10-2-07.
