October 15, 2012 8:32 AM

Amendment 4 offers big tax break for some, revenue drain for local governments

t is the longest of the 11 amendments on Florida's longest-ever ballot, and its multibillion-dollar impact could mean major tax relief for first-time home buyers, owners of second homes, small businesses and, especially, large corporations. But it could also mean higher taxes for Florida residents and massive cuts to struggling local governments.

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