Senate Bill 2462

    Florida Senate - 2000                                  SB 2462

    By Senator Bronson





    18-1066B-00

  1                      A bill to be entitled

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

  3         other transactions; amending s. 212.08, F.S.;

  4         providing an exemption for certain molds and

  5         dies; providing an effective date.

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

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  9         Section 1.  Paragraph (ggg) is added to subsection (7)

10  of section 212.08, Florida Statutes, to read:

11         212.08  Sales, rental, use, consumption, distribution,

12  and storage tax; specified exemptions.--The sale at retail,

13  the rental, the use, the consumption, the distribution, and

14  the storage to be used or consumed in this state of the

15  following are hereby specifically exempt from the tax imposed

16  by this chapter.

17         (7)  MISCELLANEOUS EXEMPTIONS.--

18         (ggg)  Molds and dies.--Molds and dies sold, produced,

19  or used in this state for the production of tangible personal

20  property by entities the primary business of which is to

21  manufacture, process, compound, or produce items of tangible

22  personal property are exempt from the tax imposed by this

23  chapter. As used in this paragraph, the terms "molds" and

24  "dies" mean hollow forms or matrixes of ferrous or nonferrous

25  metal or similar nonpermeable material which are designed and

26  created for the purpose of producing tangible personal

27  property by entities the primary business of which is to

28  manufacture, process, compound, or produce items of tangible

29  personal property.

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






    Florida Senate - 2000                                  SB 2462
    18-1066B-00




  1  Exemptions provided to any entity by this subsection shall not

  2  inure to any transaction otherwise taxable under this chapter

  3  when payment is made by a representative or employee of such

  4  entity by any means, including, but not limited to, cash,

  5  check, or credit card even when that representative or

  6  employee is subsequently reimbursed by such entity.

  7         Section 2.  This act shall take effect July 1, 2000.

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10                          SENATE SUMMARY

11    Provides an exemption from the tax on sales, use, and
      other transactions levied under s. 212.08, F.S., for
12    certain molds and dies sold, produced, or used in this
      state for the production of tangible personal property.
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