SENATE AMENDMENT

    Bill No. CS for SB 1846

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator King moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 1, line 15,

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16  insert:

17         Section 1.  Subsection (3) is added to section 206.44,

18  Florida Statutes, to read:

19         206.44  Penalty and interest for failure to report on

20  time; penalty and interest on tax deficiencies.--

21         (3)  If any terminal supplier fails to report or pay

22  taxes due as required by this chapter on all transactions

23  occurring in the previous month, the department may allow the

24  terminal supplier to report such transactions in the current

25  month without the penalty imposed by this section, if:

26         (a)  There is a reasonable cause for failing to report

27  the transactions in the previous month and the failure is not

28  due to willful negligence, willful neglect, or fraud; and

29         (b)  The tax on such transactions does not exceed 5

30  percent of the taxpayer's taxable liability under this chapter

31  for the month in which the liability occurred.

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 1846

    Amendment No.    





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 2  (Redesignate subsequent sections.)

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

 6  And the title is amended as follows:

 7         On page 1, line 2, delete that line

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 9  and insert:

10         An act relating to the tax on motor fuel;

11         amending s. 206.44, F.S.; allowing the

12         Department of Revenue to permit a terminal

13         supplier to report transactions that occurred

14         during a previous month in the current month

15         without penalty for reasonable cause;

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