Senate Bill 1274

    Florida Senate - 1998                                  SB 1274

    By Senator Ostalkiewicz





    12-1129-98                                         See HB 3443

  1                      A bill to be entitled

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

  3         other transactions; providing that the tax on

  4         the sale of an automobile or truck for personal

  5         use shall be reduced for a 3-year period;

  6         providing for review; providing an effective

  7         date.

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  9         WHEREAS, Florida's families are in need of tax relief,

10  and

11         WHEREAS, the state's revenue outlook for the

12  foreseeable future is bountiful, and

13         WHEREAS, one of the single greatest taxing events for

14  Florida families occurs at the purchase of an automobile, and

15         WHEREAS, the Florida Legislature recognizes the

16  economic value of giving Florida families the opportunity of

17  making further buying decisions to stimulate commerce, trade,

18  and job creation, and

19         WHEREAS, the Florida Legislature understands that the

20  people's money should stay in the hands that toil for its

21  accumulation wherever possible when the just ends of

22  government are substantially financed, NOW, THEREFORE,

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

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26         Section 1.  Beginning July 1, 1998, through June 30,

27  2001, the state tax on sales, use, and other transactions

28  imposed by chapter 212, Florida Statutes, on the sale of an

29  automobile or truck for personal use at the rate of 6 percent

30  shall be reduced to a rate of 4 percent. This section does not

31  apply to the purchase of an automobile or truck for commercial

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






    Florida Senate - 1998                                  SB 1274
    12-1129-98                                         See HB 3443




  1  use in a business or trade. This section does not affect the

  2  rate of any discretionary sales surtax levied under the

  3  authority of chapter 212, Florida Statutes. Prior to July 1,

  4  2001, the Legislature shall review this rate reduction,

  5  considering the economic outlook for the state, and determine

  6  whether this rate reduction should be extended.

  7         Section 2.  This act shall take effect upon becoming a

  8  law.

  9

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11                       LEGISLATIVE SUMMARY

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      Provides that the state sales tax on the sale of an
13    automobile or truck for personal use shall be reduced
      from 6 percent to 4 percent for 3 years, beginning July
14    1, 1998. Provides for review of this reduction by the
      Legislature before the reduction expires.
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