Florida Supreme Court knocks tax cap from 2010 ballot

The Florida Supreme Court has knocked a proposal for a property tax cap from the 2010 ballot.

In an opinion posted Friday, five justices said the ballot summary was misleading. Two justices dissented.

The proposal is a citizen initiative that would cap property taxes at 1.35 percent of the highest taxable value of a home, business or other real estate, although voters could approve exceptions.

Petition sponsors said tax cuts ordered by law last year and through another state constitutional amendment passed in January 2008 don't go far enough.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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