House Bill 0117er

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





    ENROLLED

    1998 Legislature                   CS/HB 117, Second Engrossed



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  2         An act relating to the tax on sales, use, and

  3         other transactions; amending s. 212.08, F.S.;

  4         providing an exemption for the Gasparilla

  5         Distance Classic Association, Inc., in

  6         specified circumstances; providing an effective

  7         date.

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

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11         Section 1.  Paragraph (qq) is added to subsection (7)

12  of section 212.08, Florida Statutes, to read:

13         212.08  Sales, rental, use, consumption, distribution,

14  and storage tax; specified exemptions.--The sale at retail,

15  the rental, the use, the consumption, the distribution, and

16  the storage to be used or consumed in this state of the

17  following are hereby specifically exempt from the tax imposed

18  by this chapter.

19         (7)  MISCELLANEOUS EXEMPTIONS.--

20         (qq)  Also exempt from the tax imposed by this chapter

21  are sales or leases to the Gasparilla Distance Classic

22  Association, Inc., if that organization holds a current

23  exemption from federal corporate income tax liability pursuant

24  to s. 501(c)(3) of the Internal Revenue Code of 1986, as

25  amended.

26         Section 2.  This act shall take effect July 1 of the

27  year in which enacted.

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