House Bill 0793

    Florida House of Representatives - 1999                 HB 793

        By Representative Prieguez






  1                      A bill to be entitled

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

  3         transactions; amending s. 212.17, F.S.;

  4         revising provisions relating to conditions

  5         under which a dealer may take a credit or

  6         obtain a refund for taxes paid on unpaid

  7         balances of worthless accounts; providing

  8         intent; providing an effective date.

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

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12         Section 1.  (1)  Subsection (3) of section 212.17,

13  Florida Statutes, 1998 Supplement, is amended to read:

14         212.17  Credits for returned goods, rentals, or

15  admissions; goods acquired for dealer's own use and

16  subsequently resold; additional powers of department.--

17         (3)  A dealer who has paid the tax imposed by this

18  chapter on tangible personal property or services may take a

19  credit or obtain a refund for any tax paid by the dealer on

20  the unpaid balance due on worthless accounts within 12 months

21  following the month in which the bad debt has been charged off

22  for federal income tax purposes by the dealer or the person

23  who owns the retail account pursuant to a private label credit

24  card agreement with the dealer. If any accounts so charged off

25  for which a credit or refund has been obtained are thereafter

26  in whole or in part paid to the dealer, the amount so paid

27  shall be included in the first return filed after such

28  collection and the tax paid accordingly.

29         (2)  It is the intent of the Legislature that this

30  section clarifies and confirms existing law with respect to

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






    Florida House of Representatives - 1999                 HB 793

    708-103-99






  1  refunds and credits allowable under s. 212.17(3), Florida

  2  Statutes.

  3         Section 2.  This act shall take effect upon becoming a

  4  law.

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  7                          HOUSE SUMMARY

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      Revises provisions relating to conditions under which a
  9    sales tax dealer may take a credit or obtain a refund for
      taxes paid on unpaid balances of worthless accounts.
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