CODING: Words stricken are deletions; words underlined are additions.
House Bill 1169




    Florida House of Representatives - 1997                HB 1169

        By Representative Harrington






  1                      A bill to be entitled

  2         An act relating to vessel taxes; amending s.

  3         212.06, F.S.; exempting certain vessels used by

  4         vessel manufacturers and dealers solely for

  5         demonstration, sales promotional, and testing

  6         purposes from the tax on sales, use, and other

  7         transactions; providing a definition; providing

  8         for application; providing an effective date.

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10  Be It Enacted by the Legislature of the State of Florida:

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12         Section 1.  Paragraph (d) is added to subsection (1) of

13  section 212.06, Florida Statutes, to read:

14         212.06  Sales, storage, use tax; collectible from

15  dealers; "dealer" defined; dealers to collect from purchasers;

16  legislative intent as to scope of tax.--

17         (1)

18         (d)1.  Notwithstanding any other provision of this

19  chapter, tax shall not be imposed on any vessel registered

20  pursuant to s. 327.11 by a vessel dealer or vessel

21  manufacturer with respect to a vessel used solely for

22  demonstration, sales promotional, or testing purposes. The

23  term "promotional purposes" shall include, but not be limited

24  to, participation in fishing tournaments. For the purposes of

25  this paragraph, "promotional purposes" means the entry of the

26  vessel in a marine-related event where prospective purchasers

27  would be in attendance, where the vessel is entered in the

28  name of the dealer or manufacturer, where the vessel is

29  clearly marked as for sale, on which vessel the name of the

30  dealer or manufacturer is clearly displayed, and which vessel

31  has never been transferred into the dealer's or manufacturer's

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CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 1997                HB 1169

    581-104A-97






  1  accounting books from an inventory item to a capital asset for

  2  depreciation purposes.

  3         2.  The provisions of this paragraph do not apply to

  4  any vessel when used for transporting persons or goods for

  5  compensation; when offered, let, or rented to another for

  6  consideration; when offered for rent or hire as a means of

  7  transportation for compensation; or when offered or used to

  8  provide transportation for persons solicited through personal

  9  contact or through advertisement on a "share expense" basis.

10         Section 2.  This act shall take effect July 1, 1997.

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13                          HOUSE SUMMARY

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      Provides an exemption from the taxes in ch. 212, F.S.,
15    relating to the taxes on sales, use, and other
      transactions for vessels used by vessel dealers and
16    manufacturers solely for demonstration, sales
      promotional, or testing purposes.
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