The Florida Senate

199.292  Disposition of intangible personal property taxes.--All intangible personal property taxes collected pursuant to this chapter shall be placed in a special fund designated as the "Intangible Tax Trust Fund." The fund shall be disbursed as follows:

(1)  Revenues derived from the annual tax on a leasehold described in s. 199.023(1)(d) shall be returned to the local school board for the county in which the property subject to the leasehold is situated.

(2)  There is hereby appropriated annually out of the fund the amount necessary for the effective and efficient administration and enforcement by the department of the provisions of chapters 192, 193, 194, 195, 196, 197, and 198 and this chapter.

(3)  An amount equal to 33.5 percent of the remaining intangible personal property taxes collected shall be transferred to the Revenue Sharing Trust Fund for Counties. An amount equal to 66.5 percent of the remaining taxes collected shall be transferred to the General Revenue Fund of the state.

History.--s. 1, ch. 71-134; s. 1, ch. 72-277; s. 18, ch. 72-360; s. 1, ch. 77-102; s. 5, ch. 77-476; s. 4, ch. 80-261; s. 4, ch. 80-274; s. 5, ch. 80-368; s. 8, ch. 81-308; s. 27, ch. 85-342; s. 5, ch. 90-132; s. 3, ch. 92-319.