Senate Bill 0266c1

    Florida Senate - 2000                            CS for SB 266

    By the Committee on Fiscal Resource and Senator Sebesta





    314-1729-00

  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 federal,

  7         state, or local government public works

  8         project; specifying that the exemption includes

  9         federal projects; providing an effective date.

10

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

12

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

14  212.06, Florida Statutes, is amended to read:

15         212.06  Sales, storage, use tax; collectible from

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

17  legislative intent as to scope of tax.--

18         (1)

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

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

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

22  materials which become a component part or which are an

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

24  transportation of such components and ingredients.  In

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

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

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

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

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

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

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

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






    Florida Senate - 2000                            CS for SB 266
    314-1729-00




  1  construction" series of the producer price index, as

  2  calculated and published by the United States Department of

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

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

  5  series for calendar year 1988.

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

  7  apply to Manufactured asphalt which is used for any federal,

  8  state or local government public works project is partially

  9  exempt from the indexed tax imposed by this paragraph, as

10  follows:.

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

12  is exempt.

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

14  is exempt.

15         Section 2.  It is the intent of the Legislature that

16  the amendment including federal public works projects in the

17  scope of the partial exemption in section 212.06(1)(c),

18  Florida Statutes, is remedial in nature and merely clarifies

19  existing law.

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

21

22          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
23                              SB 266

24

25  The Committee Substitute adds "federal" projects to the list
    of exempt public works projects that are eligible for the
26  partial sales tax exemption for manufactured asphalt. Also,
    the committee substitute adds intent language specifying that
27  the amendment adding "federal" projects is remedial in nature
    and merely clarifies existing law.
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