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CS/HB 641 — Tax Administration
by Finance and Tax Committee and Reps. Mayfield and others (SB 2044 by Budget Subcommittee on Finance and Tax and Senators Alexander and Bogdanoff)
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Budget Committee (BC)
Estate Tax Filing Requirement
The bill extends until December 31, 2012, the period during which Florida estates do not need to file a return if they have no estate tax liability.
Beverage and Tobacco Wholesaler Reports
The bill requires sellers of alcoholic beverage or tobacco products to file annual information reports with the Department of Revenue. The report must be filed electronically, unless the Department waives the electronic filing requirement. If a seller fails to provide the annual report, a $1,000 penalty is imposed per month for every month the report is not provided, up to a maximum of $10,000.
If approved by the Governor, these provisions take effect July 1, 2011.
Vote: Senate 39-0; House 88-30