CODING: Words stricken are deletions; words underlined are additions.
House Bill 0579




    Florida House of Representatives - 1997                 HB 579

        By Representative Feeney






  1                      A bill to be entitled

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

  3         transactions; amending s. 212.06, F.S.;

  4         eliminating the indexed tax on manufactured

  5         asphalt; providing an effective date.

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

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  9         Section 1.  Paragraph (c) of subsection (1) of section

10  212.06, Florida Statutes, is amended to read:

11         212.06  Sales, storage, use tax; collectible from

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

13  legislative intent as to scope of tax.--

14         (1)

15         (c)  Notwithstanding the provisions of paragraph (b),

16  the use tax on asphalt manufactured for one's own use shall be

17  calculated with respect to paragraph (b) only upon the cost of

18  materials which become a component part or which are an

19  ingredient of the finished asphalt and upon the cost of the

20  transportation of such components and ingredients.  In

21  addition, an indexed tax of 38 cents per ton of such

22  manufactured asphalt shall be due at the same time and in the

23  same manner as taxes due pursuant to paragraph (b). Beginning

24  July 1, 1989, the indexed tax shall be adjusted each July 1 to

25  an amount, rounded to the nearest cent, equal to the product

26  of 38 cents multiplied by a fraction, the numerator of which

27  is the annual average of the "materials and components for

28  construction" series of the producer price index, as

29  calculated and published by the United States Department of

30  Labor, Bureau of Statistics, for the previous calendar year,

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






    Florida House of Representatives - 1997                 HB 579

    76-159-97






  1  and the denominator of which is the annual average of said

  2  series for calendar year 1988.

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

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  6                          HOUSE SUMMARY

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      Eliminates the indexed tax on manufactured asphalt.
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