SENATE AMENDMENT

    Bill No. HB 1747, 2nd Eng.

    Amendment No.    

                            CHAMBER ACTION
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11  Senator Thomas moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 3, line 23, through page 5, line 4,

15  delete those lines

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17  and insert:

18         Section 3.  Subsection (1) of section 550.0951, Florida

19  Statutes is amended to read:

20         550.0951  Payment of daily license fee and taxes.--

21         (1)(a)  DAILY LICENSE FEE.--Each person engaged in the

22  business of conducting race meetings or jai alai games under

23  this chapter, hereinafter referred to as the "permitholder,"

24  "licensee," or "permittee," shall pay to the division, for the

25  use of the division, a daily license fee on each live or

26  simulcast pari-mutuel event of $100 for each horserace and $80

27  for each dograce and $40 for each jai alai game conducted at a

28  racetrack or fronton licensed under this chapter.  Effective

29  October 1, 1996, in addition to the tax exemption specified in

30  s. 550.09514(1) of $360,000 or $500,000 per greyhound

31  permitholder per state fiscal year, each greyhound

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                                                  SENATE AMENDMENT

    Bill No. HB 1747, 2nd Eng.

    Amendment No.    





 1  permitholder shall receive in the current state fiscal year a

 2  tax credit equal to the number of live greyhound races

 3  conducted in the previous state fiscal year times the daily

 4  license fee specified for each dograce in this subsection

 5  applicable for the previous state fiscal year.  This tax

 6  credit and the exemption in s. 550.09514(1) shall be

 7  applicable to the tax on live handle under subsection (3)

 8  except during any charity or scholarship performances

 9  conducted pursuant to s. 550.0351. Effective October 1, 1996,

10  each permitholder shall pay daily license fees not to exceed

11  $500 per day on any simulcast races or games on which such

12  permitholder accepts wagers regardless of the number of

13  out-of-state events taken or the number of out-of-state

14  locations from which such events are taken. This license fee

15  shall be deposited with the Treasurer to the credit of the

16  Pari-mutuel Wagering Trust Fund.

17         (b)  Each permitholder authorized a maximum tax savings

18  of $500,000 per state fiscal year pursuant to s. 550.09514(1)

19  or the greyhound permitholder that had the lowest live handle

20  during the preceding state fiscal year, which cannot utilize

21  the full amount of the daily license fee credit, may, after

22  notifying the division in writing, elect once per state fiscal

23  year on a form provided by the division to transfer such

24  credit or any portion thereof to any greyhound permitholder

25  which acts as a host track to such permitholder for the

26  purpose of intertrack wagering. Once an election to transfer

27  such credit is filed with the division it shall not be

28  rescinded. The division shall disapprove the credit transfer

29  when the amount of credit or portion thereof is unavailable to

30  the transferring permitholder or when the permitholder, who is

31  entitled to transfer the credit or who is entitled to receive

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                                                  SENATE AMENDMENT

    Bill No. HB 1747, 2nd Eng.

    Amendment No.    





 1  the credit, owes taxes to the state pursuant to a deficiency

 2  letter or administrative complaint issued by the division.

 3  Upon approval of the transfer by the division, the transferred

 4  tax credit shall be effective for the first performance of the

 5  next biweekly pay period as specified in subsection (5). The

 6  daily license fee credit transferred to such host track may be

 7  applied by such host track against its taxes on live racing as

 8  provided in this subsection. The greyhound permitholder host

 9  track to which such daily license fee credit is transferred

10  shall reimburse such permitholder the exact monetary value of

11  such transferred credit as actually applied against the taxes

12  of the host track. The division shall ensure that all

13  transfers of credit are made in accordance with this

14  subsection and shall have the authority to adopt rules to

15  ensure the implementation of this section.

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17  (Redesignate subsequent sections.)

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20  ================ T I T L E   A M E N D M E N T ===============

21  And the title is amended as follows:

22         On page 1, lines 6 and 7, delete those lines

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24  and insert:

25         that section; amending s. 550.0951, F.S.;

26         authorizing certain permitholders to transfer

27         daily license fee tax credits to other

28         permitholders and to receive reimbursement;

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