Additionally, a Task Force recommendation on limited liability of companies is partially included. The Task Force recommended a four-year phase out of the intangibles tax. Although the new law does not do that, both the Governor and legislative leaders have stated that this year's action is the first step toward eliminating the tax and they each stated their commitment to repeal it over the four years as the TaxWatch Task Force recommended. Several additional exemptions in the tax package have been recommended by Florida TaxWatch in past years and reiterated in recent publications to tangibly increase Florida's competitiveness. A sliding scale will be used to divide damage liability among multiple defendants, based on the amount of fault of the plaintiff and individual defendants.
Current law allows any defendant in a lawsuit to be responsible for the entire award.
Changes in award of punitive damages. Plaintiffs will have to provide cause to show that a defendant's actions were offensive enough to merit monetary punitive damages. Time limits on lawsuits. Products 12 years and older cannot be the subject of a lawsuit unless manufacturers warrant them to last longer. An exception is aircraft, where products 20 years or less can be subjected to lawsuits.