Senate Bill 0948

    Florida Senate - 1999                                   SB 948

    By Senator Horne





    6-896-99

  1                      A bill to be entitled

  2         An act relating to the collection of taxes on

  3         sales, use, and other transactions; amending s.

  4         212.11, F.S.; prescribing the methods by which

  5         dealers are to calculate their estimated tax

  6         liability; providing an effective date.

  7

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

  9

10         Section 1.  Paragraph (a) of subsection (1) of section

11  212.11, Florida Statutes, 1998 Supplement, is amended to read:

12         212.11  Tax returns and regulations.--

13         (1)(a)  Each dealer shall calculate his or her

14  estimated tax liability for any month by one of the following

15  methods:

16         1.  Fifty Sixty-six percent of the current month's

17  liability pursuant to this chapter as shown on the tax return;

18         2.  Fifty Sixty-six percent of the tax reported on the

19  tax return pursuant to this chapter by a dealer for the

20  taxable transactions occurring during the corresponding month

21  of the preceding calendar year; or

22         3.  Fifty Sixty-six percent of the average tax

23  liability pursuant to this chapter for those months during the

24  preceding calendar year in which the dealer reported taxable

25  transactions.

26         Section 2.  This act shall take effect January 1, 2000.

27

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29                          SENATE SUMMARY

30    Reduces, from 66 percent to 50 percent, the factor to be
      used by dealers to estimate their monthly tax liability
31    for sales taxes.

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