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Important Business Tax Alert

West Palm Beach , FL - I want to make sure all Palm Beach County businesses are aware that delinquent Tangible Personal Property Tax (TPP) collections will be managed by an outside provider effective April 1, 2012.  The outside provider, Revenue Recovery Solutions Inc., provides similar services in Florida to other Constitutional Tax Collector agencies.  The company does not receive any tax dollars for payment.  The company earns revenue through adding a 20 percent fee of the total delinquent taxes dues.  That fee is paid by the delinquent taxpayer.

Any business with delinquent TPP taxes will want to pay off delinquents before close of business Friday March 30 to avoid the 20 percent collection fee. 

The decision to outsource TPP taxes was based on the likelihood that Florida voters will approve a proposed Constitutional Amendment which increases the current exemption for TPP from $25,000 to $50,000.  The 2012 Legislature passed a Joint Resolution adding this proposed Constitutional Amendment to November’s ballot.  Should the proposed amendment pass, it will mean a reduction in the number of businesses required to pay TPP. That translates into a reduction in revenue and staff for our agency.  Our agency is implementing cost savings in anticipation of the amendment’s passage.

Constitutional Tax Collector authority for the provider services is Florida Statute, Chapter 197.332. 

Gannon’s agency is responsible for the collection and distribution of revenues in excess of $3.1 billion annually.  The office manages driver license services, which includes the Homeland Security Real ID implementation, and handles approximately 725,000 property tax transactions.

The Florida Tax Collectors Association has been in existence since 1929.  FTCA is a statewide association of the state’s 67 Tax Collectors.  FTCA provides member education and specific recommendations to the Florida Legislature to improve efficiencies and protect the due process rights of citizens in the collection of taxes.  The group was instrumental in passing a comprehensive rewrite of Chapter 197 (property tax) in 2011.  The new law modernized and streamlined the tax collection process.  It allows for electronic tax bills. It also enhances the protection of Florida taxpayers’ due process rights by extending the deadline for payments to the next business day if the last day of a month is a weekend or legal holiday.

Release Date: 
Wednesday, March 21, 2012
Contact Information: 
Contact: Anne Gannon, Constitutional Tax Collector
  (561) 355-4271
KClarke@pbcgov.org

 

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