House Bill 2179

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







    Florida House of Representatives - 2000                HB 2179

        By Representative Lacasa






  1                      A bill to be entitled

  2         An act relating to school district revenue;

  3         amending s. 199.292, F.S.; providing for

  4         transfer of a portion of nonrecurring

  5         intangible personal property tax revenues to

  6         the School District Capital Outlay Trust Fund;

  7         providing for distribution of a portion of such

  8         revenues to school districts which collected

  9         impact fee revenues in fiscal year 1999-2000 to

10         supplant such impact fees; providing

11         requirements for distribution of the remainder

12         of such revenues to all school districts;

13         amending s. 125.01, F.S.; providing that a

14         county in which the school board is receiving

15         such intangible tax revenues is prohibited from

16         levying school impact fees; providing a

17         contingent effective date.

18

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

20

21         Section 1.  Subsection (8) is added to section 125.01,

22  Florida Statutes, to read:

23         125.01  Powers and duties.--

24         (8)  Any county in which the school board is receiving

25  intangible personal property tax revenues pursuant to s.

26  199.292(2) is prohibited from levying any impact fee for

27  school purposes.

28         Section 2.  Section 199.292, Florida Statutes, is

29  amended to read:

30         199.292  Disposition of intangible personal property

31  taxes.--All intangible personal property taxes collected

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    Florida House of Representatives - 2000                HB 2179

    574-167-00






  1  pursuant to this chapter shall be placed in a special fund

  2  designated as the "Intangible Tax Trust Fund." The fund shall

  3  be disbursed as follows:

  4         (1)  Revenues derived from the annual tax on a

  5  leasehold described in s. 199.023(1)(d) shall be returned to

  6  the local school board for the county in which the property

  7  subject to the leasehold is situated.

  8         (2)  Sixty-two and three-tenths percent of the revenues

  9  derived from the nonrecurring tax imposed by s. 199.133 shall

10  be transferred to the School District Capital Outlay Trust

11  Fund. These funds shall be distributed in the following

12  manner:

13         (a)  An amount equal to school impact fee collections

14  in fiscal year 1999-2000 shall be distributed to the school

15  districts which collected such fees to supplant their school

16  impact fees.

17         (b)  The balance of these revenues shall be distributed

18  to all school districts as follows:

19         1.  Twenty-five percent of the balance shall be

20  distributed on a pro rata basis to the districts based on each

21  district's percentage of base capital outlay full-time

22  equivalent membership, and 65 percent shall be distributed on

23  a pro rata basis to the districts based on each district's

24  percentage of gross capital outlay full-time equivalent

25  membership as specified for the allocation of funds from the

26  Public Education Capital Outlay and Debt Service Trust Fund by

27  s. 235.435(3).

28         2.  Ten percent of the balance shall be allocated among

29  the district school boards according to the allocation formula

30  in s. 235.435(1)(a).

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    Florida House of Representatives - 2000                HB 2179

    574-167-00






  1         (3)(2)  There is hereby appropriated annually out of

  2  the fund the amount necessary for the effective and efficient

  3  administration and enforcement by the department of the

  4  provisions of chapters 192, 193, 194, 195, 196, 197, and 198

  5  and this chapter.

  6         (4)(3)  Of the remaining intangible personal property

  7  taxes collected, an amount equal to 35.3 percent in state

  8  fiscal year 1998-1999 and an amount equal to 37.7 percent in

  9  each year thereafter, shall be transferred to the Revenue

10  Sharing Trust Fund for Counties. Of the remaining taxes

11  collected, an amount equal to 64.7 percent in state fiscal

12  year 1998-1999 and an amount equal to 62.3 percent in each

13  year thereafter, shall be transferred to the General Revenue

14  Fund of the state.

15         Section 3.  This act shall take effect July 1, 2000, if

16  House Bill       or similar legislation creating the School

17  District Capital Outlay Trust Fund is adopted in the same

18  legislative session or an extension thereof and becomes law.

19

20            *****************************************

21                          HOUSE SUMMARY

22
      Provides for transfer of a portion of nonrecurring
23    intangible personal property tax revenues to the School
      District Capital Outlay Trust Fund. Provides for
24    distribution of a portion of such revenues to school
      districts which collected impact fee revenues in fiscal
25    year 1999-2000 to supplant such impact fees. Provides
      requirements for distribution of the remainder of such
26    revenues to all school districts. Provides that a county
      in which the school board is receiving such intangible
27    tax revenues is prohibited from levying school impact
      fees.
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