SENATE AMENDMENT

    Bill No. SB 2102

    Amendment No. 2

                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Fiscal Resource recommended the following

12  amendment:

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14         Senate Amendment (with title amendment) 

15         On page 6, between lines 11 & 12,

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17  insert:

18         Section 2.  Notwithstanding the provisions of s.

19  199.052(10), Florida Statutes, failure to timely file a

20  consolidated return for any one or more years shall not

21  prejudice the taxpayer's right to file a consolidated return,

22  provided that the consolidated return is filed prior to July

23  31, 2000, and the affiliated group of corporations of which

24  the taxpayer is a member has previously filed consolidated

25  returns for corporate income tax purposes under. s. 220.131,

26  Florida Statutes.

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28  (Redesignate subsequent sections.)

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                                                  SENATE AMENDMENT

    Bill No. SB 2102

    Amendment No. 2





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

 2  And the title is amended as follows:

 3         Delete everything before the enacting clause

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 5  and insert:

 6         An act relating to taxation; amending s.

 7         196.1975, F.S., which provides exemptions for

 8         nonprofit homes for the aged; specifying that

 9         the exemption applicable to such homes whose

10         residents meet certain income limitations

11         applies to individual units or apartments of

12         such homes; providing for application of a

13         residency affidavit requirement to applicants

14         for such exemption; revising provisions

15         relating to qualification for the alternative

16         exemption provided by that section for those

17         portions of a home which do not meet the income

18         limitations; providing that s. 196.195, F.S.,

19         which provides requirements and criteria for

20         determining the profit or nonprofit status of

21         an applicant for exemption, and s. 196.196,

22         F.S., which provides criteria for determining

23         whether property is entitled to a charitable,

24         religious, scientific, or literary exemption,

25         do not apply to that section; allowing a

26         taxpayer to file a consolidated intangibles tax

27         return under certain circumstances; providing

28         an effective date.

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