HOUSE AMENDMENT

                                                  Bill No. HB 1943

    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) Brown offered the following:

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13         Amendment (with title amendment) 

14         On page 3, line 17,

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16  insert:

17         Section 4.  Subsection (2) of section 199.052, Florida

18  Statutes, 1998 Supplement is amended to read:

19         (2)  No person shall be required to pay the annual tax

20  in any year when the aggregate annual tax upon the person's

21  intangible personal property, after exemptions, would be less

22  than $60 $5.  In such case, an annual return is not required

23  unless the taxpayer is a corporation, a banking organization

24  claiming the exemption provided in s. 199.185(1)(i), or an

25  agent or fiduciary of whom the department requires an

26  informational return. Agents and fiduciaries shall report for

27  each person for whom they hold intangible personal property if

28  the aggregate annual tax on such person is $60 $5 or more.

29         Section 5.  Effective July 1, 2000, subsection (2) of

30  section 199.052, Florida Statutes, as amended by section 3 of

31  chapter 98-132, Laws of Florida, is amended to read:

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    File original & 9 copies    03/24/99
    hmo0006                     09:18 am         01943-0069-583295




                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1943

    Amendment No.     (for drafter's use only)





 1         199.052  Annual tax returns; payment of annual tax.--

 2         (2)  No person shall be required to pay the annual tax

 3  in any year when the aggregate annual tax upon the person's

 4  intangible personal property, after exemptions, would be less

 5  than $60 $5.  In such case, an annual return is not required

 6  unless the taxpayer is a corporation or an agent or fiduciary

 7  of whom the department requires an informational return.

 8  Agents and fiduciaries shall report for each person for whom

 9  they hold intangible personal property if the aggregate annual

10  tax on such person is $60 $5 or more.

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

14  And the title is amended as follows:

15         On page 1, line 14, after conform;

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17  insert:

18         amending 199.052(2); decreasing the amount of

19         the minimum payable intangible tax;

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    File original & 9 copies    03/24/99
    hmo0006                     09:18 am         01943-0069-583295