Broward County Commission Regular Meeting
Director's Name: George Tablack
Department: Finance and Administrative Services Division: Records, Taxes, and Treasury
Information
Requested Action
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MOTION TO AUTHORIZE County Administrator or written designee to apply to the U.S. Internal Revenue Service for an Employer Identification Number ("EIN”) for the use of the elected Broward County Tax Collector who takes office on January 6, 2025.
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Why Action is Necessary
An EIN is needed for County staff to open bank accounts for use by the elected tax collector.
What Action Accomplishes
Permits Broward County staff to apply for an EIN on behalf of the tax collector.
Goal Related Icon(s)
☐County Commission
☐Go Green
☐MAP Broward
Previous Action Taken
None
Summary Explanation/Background
THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT AND THE RECORDS, TAXES AND TREASURY DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
On November 6, 2018, Florida voters approved a constitutional amendment that requires every County to have an elected tax collector by 2025. County agencies have been preparing for the transition to an elected tax collector. As part of the preparation, the County has begun establishing bank accounts necessary for the independent tax collector to assume banking and financial operations. The Employer Identification Number (EIN) is required by financial institutions in order to identify the individual or business responsible for financial and tax-related reporting.
Source of Additional Information
Thomas Kennedy, Director | Records, Taxes and Treasury Division, 954-357-5777
Fiscal Impact
Fiscal Impact/Cost Summary
There is no fiscal impact.