Senate Bill 0480

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



    Florida Senate - 1999                                   SB 480

    By the Committee on Fiscal Policy





    301-225-99

  1                      A bill to be entitled

  2         An act relating to the re-creation of the

  3         Corporation Tax Administration Trust Fund

  4         without modification; re-creating the

  5         Corporation Tax Administration Trust Fund;

  6         carrying forward current balances and

  7         continuing current sources and uses thereof;

  8         providing an effective date.

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10         WHEREAS, the Legislature wishes to extend the life of

11  the Corporation Tax Administration Trust Fund, which is

12  otherwise scheduled to be terminated pursuant to

13  constitutional mandate, and

14         WHEREAS, the Legislature has reviewed the Corporation

15  Tax Administration Trust Fund before its scheduled termination

16  date and has found that it continues to meet an important

17  public purpose, and

18         WHEREAS, the Legislature has found that existing public

19  policy concerning the Corporation Tax Administration Trust

20  Fund sets adequate parameters for its use, NOW, THEREFORE,

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

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24         Section 1.  (1)  The Corporation Tax Administration

25  Trust Fund within the Department of Revenue, FLAIR number

26  73-2-134, which was created by section 213.31, Florida

27  Statutes, and which is to be terminated pursuant to Section

28  19(f), Article III of the State Constitution on November 4,

29  2000, is re-created.

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






    Florida Senate - 1999                                   SB 480
    301-225-99




  1         (2)  All current balances of the trust fund are carried

  2  forward, and all current sources and uses of the trust fund

  3  are continued.

  4         Section 2.  This act shall take effect November 4,

  5  2000.

  6

  7            *****************************************

  8                          SENATE SUMMARY

  9    Re-creates the Corporation Tax Administration Trust Fund
      within the Department of Revenue.
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