Title: Corporate tax rate could rise
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00052563/00001
 Material Information
Title: Corporate tax rate could rise
Alternate Title: Newspaper article in Tribune, "Corporate tax rate could rise."
Physical Description: 1p.
Language: English
Publication Date: Nov. 24, 1989
Spatial Coverage: North America -- United States of America -- Florida
General Note: Box 5, Folder 5 ( SF LAND ACQUISITION ), Item 10
Funding: Digitized by the Legal Technology Institute in the Levin College of Law at the University of Florida.
 Record Information
Bibliographic ID: UF00052563
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: Levin College of Law, University of Florida
Rights Management: All rights reserved by the source institution and holding location.

Full Text

For example, the Conservation
and Recreation Land (CARL) pro-
C or or ae gram will have $56.4 million to
Or oratspend next year, but the 60 proper-
P ties on its state-approved purchase
tax rate list have an appraised value of $305
Among those 60 are 12 projects Martinez's aides are reacting-
e in West Central Florida, such as the cautiously to the idea and to ang:
could rise Cockroach Bay islands in Hillsbor- proposal to raise more money
Sough County and the Carlton Half land.
S Moon Ranch in Sumter County. Martinez environmental advis
SMoon Ranch in Sumter County. Estus Whitfield said state officials
Plan would save A blue-ribbon environmental first should find out wether ex
commission appointed by Gov. Bob i sources of land acquisition moex
ing sources of land acquisition mons
sensitive lands e T P 9 ey might grow enough over the neil
sen v ln See TAX, Page SB few years to take care of the state
By ANNE BARTLETT 4 needs. ,i
Tribune Staff Writer Those existing sources inclu
TALLAHASSEE Florida busi. Tax to help thae rea state nser tax and
nesses would fork over $376 million etx If they wont provide enougtr
a year in higher taxes for a decade sensitive land money, Whitfield sa e en
to buy tracts of environmentally favor an increase in the real etate
sensitive land threatened by devel- tax over a raise in the corporate"
opment under a proposal being con- From Page 1B tax.
sidered by legislators. "In most people's minds, it's an
The plan calls for voters to be ; appropriate funding source because
asked next November if they would Martinez and chaired by leading en. s ap te fundinge to
approve increasing the corporate in- vironmentalist Nathaniel Reed is, cnneted ho owts
come tax from 5.5 percent to 7.5 expected to recommend in FebruBusinesses are gearing up to op
percent to pay for a massive expan- ary that the state find a way to pay.. pose the Hafner committee plan,
sion of the state's land-buying pro- for more land acquisitions. which is being suggested at a tim
gram, The plan being discussed by when revenue from corporate tax
"This is one of the most critical Hafner's committee would ask vot- i dwh n 8 eren t from coorate taxe
issues facing Florida," said state ers to increase the corporate tax to That drop is one factor in Florl'.
Rep. Lars Hafner, D-St. Petersburg, 7.5 percent between 1991 and 2000.da's current inancl rob
chairman of the panel considering The $376 million a year that the which forced Martinaie and tp e Cams
the proposal. "If we use this funding crease would raise would be divvid c ion
mechanism, we need to do it by ref- up among the state's various larit-: cy udgets ealis frm state agee.
erendum to get the people behind buying programs. s The land acquisition proposal"
it." The lion's share would go to th calls for a one-third increase in the
Right now, it's just an idea being statewide CARL program and the calls forrate tax one-th e chambers Brain
floated by legislators on a House en- Save Our Rivers program adminis- erd said x
vironmental panel. But businesses tered by the state's five water maIta very significant hit at a
already are worried that they might agement districts. Each woui time when "It's a margins of profit and a
have to shoulder the cost of saving receive about $139 million a year. the viability of businesses re at an
Florida's rapidly disappearing natu- Environmental activists say the -time tight area," Brainerd.said.
ral lands., proposal is a good start to the t all-"With the business community,
"It would have a tremendous im- cussion. a i they're hit with costs like
pact on our members," said Jim "It's not enough to buy all we any time they're hit with costs like
Brainerd, chief lobbyist for the want to buy. We could spend a bl- this, it either raises the cost of theo
Florida Chamber of Commerce. lion dollars a year," said Dav product, or it puts them outof com-
The proposal has its genesis in Gluckman, a Tallahassee lobbyiSt petition. Thsayt hiscommittee isjobs."
complaints by prominent environ- for several environmental groups.. still open to any suggestions of alter- i
mentalists that the state is losing But, he said, it would take care natives. "We want everyone to
precious undeveloped land because of the most important parcels. come to an agreement on it" heto
its acquisition program is under- Gluckman predicted that other said
funded, options such as an increase in a aid.
tax on real estate transactions al-
so would be considered before vot- i,
ers get their say next year.

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