Senate Bill 1296

    Florida Senate - 1999                                  SB 1296

    By Senators Sullivan and Meek





    22-803-99

  1                      A bill to be entitled

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

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

  4         phasing out the indexed tax on manufactured

  5         asphalt used in a state or local government

  6         public works project; providing an effective

  7         date.

  8

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

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

12  212.06, Florida Statutes, 1998 Supplement, is amended to read:

13         212.06  Sales, storage, use tax; collectible from

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

15  legislative intent as to scope of tax.--

16         (1)

17         (c)1.  Notwithstanding the provisions of paragraph (b),

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

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

20  materials which become a component part or which are an

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

22  transportation of such components and ingredients.  In

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

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

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

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

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

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

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

30  construction" series of the producer price index, as

31  calculated and published by the United States Department of

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






    Florida Senate - 1999                                  SB 1296
    22-803-99




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

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

  3  series for calendar year 1988.

  4         2.  The amount charged for manufactured asphalt that is

  5  used for any state or local government public works project is

  6  exempt from the indexed tax imposed under this paragraph,

  7  except that:

  8         a.  Until July 1, 2000, only 33 percent of such amount

  9  is exempt; and

10         b.  From July 1, 2000, until July 1, 2001, only 66

11  percent of such amount is exempt.

12         Section 2.  This act shall take effect July 1, 1999.

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15                          SENATE SUMMARY

16    Phases out the indexed tax on sales, use, and other
      transactions which is presently imposed on manufactured
17    asphalt used in a state or local government public works
      project.
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