Description: The Hollywood Florida Notice of Revocation of Election to be Exempt is a legal document that is utilized when individuals or businesses in Hollywood, Florida wish to revoke their previous election to be exempt from certain taxes or assessments. This notice serves as a formal and official statement that the party wishes to no longer be exempt and will adhere to the standard tax requirements and assessments applicable in Hollywood, Florida. The Hollywood Florida Notice of Revocation of Election to be Exempt is typically submitted to the appropriate tax authority or governing body, such as the Hollywood Department of Revenue or the City Council. It is essential to follow the specific procedures and guidelines outlined by the respective authority. The revocation of election to be exempt can apply to various types of taxes and assessments. Some of these may include: 1. Hollywood Property Tax Exemption Revocation: This notice can be used by property owners who wish to revoke their previous election for exemption from property taxes in Hollywood, Florida. By submitting this notice, the property owner acknowledges their obligation to pay property taxes. 2. Hollywood Sales Tax Exemption Revocation: This type of notice is relevant for businesses or individuals who previously elected to be exempt from paying sales tax on the goods or services they provide in Hollywood, Florida. Revoking this election comes with the understanding that they must collect and remit sales tax on eligible transactions. 3. Hollywood Tourist Development Tax Exemption Revocation: For those in the tourism industry who previously elected to be exempt from the Tourist Development Tax, this notice can be used to revoke the exemption. By doing so, they become liable to collect and remit the appropriate Tourist Development Tax on qualifying accommodations. It is important to consult with a qualified tax professional or legal advisor before submitting the Hollywood Florida Notice of Revocation of Election to be Exempt. They can provide guidance and ensure that the process is carried out correctly according to the specific requirements and regulations in Hollywood, Florida.