HOUSE AMENDMENT

                                            Bill No. CS/CS/HB 3899

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Safley offered the following:

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13         Amendment (with title amendment) 

14         On page 8, line 20 through line 30

15  remove from the bill:  all of said lines

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17  and insert in lieu thereof:  (17)  Intangibles that are credit

18  card receivables or charge card receivables or related lines

19  of credit or loans that would otherwise be deemed to have

20  taxable situs in this state solely because they are owned,

21  managed or controlled by a bank or savings association as

22  defined in s. 220.62 or an affiliate or subsidiary thereof

23  that is domiciled in this state shall only be treated as

24  having a taxable situs in the state when the debt represented

25  by such intangibles is owed by a customer who is domiciled in

26  this state.  The term "credit card receivables" and "charge

27  card receivables" do not include trade or service receivables

28  as defined in s. 864 of the Internal Revenue Code of 1986, as

29  amended.

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    File original & 9 copies    04/24/98
    hfs0008                     03:46 pm         03899-0048-365057