Business Impact Estimates

During the 2023 Florida Legislative Session, Senate Bill 170 was passed which enacted a provision in Chapter 166, Florida Statutes, that the governing bodies of all municipalities must prepare a business impact estimate for all ordinances prior to enactment except where exempted under State Statute. This new law became effective as of October 1, 2023.

The business impact estimate shall include the following:

1. A summary of the proposed ordinance, including a statement of the public purpose to be served by the proposed ordinance, such as serving the public health, safety, morals, and welfare of the municipality.

2. An estimate of the direct economic impact of the proposed ordinance on private, for-profit businesses in the municipality, including the following, if any:

• An estimate of direct compliance costs that businesses may reasonably incur if the ordinance is enacted;
• Identification of any new charge or fee on businesses subject to the proposed ordinance, or for which businesses will be financially responsible; and
• An estimate of the municipality’s regulatory costs, including an estimate of revenues from any new charges or fees that will be imposed on businesses to cover such costs.

3. A good faith estimate of the number of businesses likely to be impacted by the ordinance.

4. Any additional information the governing body determines may be useful.

Business Impact Estimate: