House Bill 1935

    Florida House of Representatives - 2000                HB 1935

        By Representative Bense






  1                      A bill to be entitled

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

  3         transactions; amending s. 212.11, F.S.;

  4         reducing the percentage used by a dealer to

  5         calculate estimated tax liability; providing an

  6         effective date.

  7

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

  9

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

11  paragraph (d) of subsection (4) of section 212.11, Florida

12  Statutes, are amended to read:

13         212.11  Tax returns and regulations.--

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

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

16  methods:

17         1.  Fifty Sixty percent of the current month's

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

19         2.  Fifty Sixty percent of the tax reported on the tax

20  return pursuant to this chapter by a dealer for the taxable

21  transactions occurring during the corresponding month of the

22  preceding calendar year; or

23         3.  Fifty Sixty percent of the average tax liability

24  pursuant to this chapter for those months during the preceding

25  calendar year in which the dealer reported taxable

26  transactions.

27         (4)

28         (d)  A dealer engaged in the business of selling boats,

29  motor vehicles, or aircraft who made at least one sale of a

30  boat, motor vehicle, or aircraft with a sales price of

31  $200,000 or greater in the previous state fiscal year may

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






    Florida House of Representatives - 2000                HB 1935

    725-113-00






  1  qualify for payment of estimated sales tax pursuant to the

  2  provisions of this paragraph.  To qualify, a dealer must apply

  3  annually to the department prior to October 1, and, if

  4  qualified, the department must grant the application for

  5  payment of estimated sales tax pursuant to this paragraph for

  6  the following calendar year.  In lieu of the method for

  7  calculating estimated sales tax liability pursuant to

  8  subparagraph (1)(a)3., a qualified dealer must calculate that

  9  option as 50 60 percent of the average tax liability pursuant

10  to this chapter for all sales excluding the sale of each boat,

11  motor vehicle, or aircraft with a sales price of $200,000 or

12  greater during the state fiscal year ending the year in which

13  the application is made.  A qualified dealer must also remit

14  the sales tax for each sale of a boat, motor vehicle, or

15  aircraft with a sales price of $200,000 or greater by either

16  electronic funds transfer on the date of the sale or on a form

17  prescribed by the department and postmarked on the date of the

18  sale.

19         Section 2.  This act shall take effect January 1, 2001.

20

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22                          HOUSE SUMMARY

23
      Reduces from 60 percent to 50 percent the percentage used
24    by a sales tax dealer to calculate estimated tax
      liability.
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