Senate Bill 0266

    Florida Senate - 2000                                   SB 266

    By Senator Sebesta





    20-277-00

  1                      A bill to be entitled

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

  3         other transactions; amending s. 212.06, F.S.;

  4         expanding a partial exemption from the indexed

  5         tax on manufactured asphalt which applies to

  6         manufactured asphalt used for any state or

  7         local government public works project.

  8

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

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11         Section 1.  Paragraph (c) of subsection (1) of section

12  212.06, Florida Statutes, is amended to read:

13         212.06  Sales, storage, use tax; collectible from

14  dealers; "dealer" defined; dealers to collect from purchasers;

15  legislative intent as to scope of tax.--

16         (1)

17         (c)1.  Notwithstanding the provisions of paragraph (b),

18  the use tax on asphalt manufactured for one's own use shall be

19  calculated with respect to paragraph (b) only upon the cost of

20  materials which become a component part or which are an

21  ingredient of the finished asphalt and upon the cost of the

22  transportation of such components and ingredients.  In

23  addition, an indexed tax of 38 cents per ton of such

24  manufactured asphalt shall be due at the same time and in the

25  same manner as taxes due pursuant to paragraph (b). Beginning

26  July 1, 1989, the indexed tax shall be adjusted each July 1 to

27  an amount, rounded to the nearest cent, equal to the product

28  of 38 cents multiplied by a fraction, the numerator of which

29  is the annual average of the "materials and components for

30  construction" series of the producer price index, as

31  calculated and published by the United States Department of

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






    Florida Senate - 2000                                   SB 266
    20-277-00




  1  Labor, Bureau of Statistics, for the previous calendar year,

  2  and the denominator of which is the annual average of said

  3  series for calendar year 1988.

  4         2.  The indexed tax imposed by this paragraph shall not

  5  apply to Manufactured asphalt which is used for any state or

  6  local government public works project is partially exempt from

  7  the indexed tax imposed by this paragraph, as follows:.

  8         a.  Beginning July 1, 1999, 20 percent of such amount

  9  is exempt.

10         b.  Beginning July 1, 2000, 40 percent of such amount

11  is exempt.

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

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15                          SENATE SUMMARY

16    Expands the partial exemption from the indexed tax on
      manufactured asphalt which applies to such asphalt that
17    is used for any state or local government public works
      project.
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