Senate Bill 0376

    Florida Senate - 2000                                   SB 376

    By Senators Laurent and Mitchell





    17-106-00

  1                      A bill to be entitled

  2         An act relating to the phosphate severance tax;

  3         amending s. 211.3103, F.S.; revising the

  4         distribution of phosphate severance tax

  5         revenues; providing an effective date.

  6

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

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  9         Section 1.  Subsection (4) of section 211.3103, Florida

10  Statutes, is amended to read:

11         211.3103  Levy of tax on severance of phosphate rock;

12  rate, basis, and distribution of tax.--

13         (4)  If the base rate is reduced pursuant to paragraph

14  (5)(c), then the proceeds of the tax shall be paid into the

15  State Treasury as follows:

16         (a)  The first $10 million in revenue collected from

17  the tax during each fiscal year shall be paid to the credit of

18  the Conservation and Recreation Lands Trust Fund.

19         (b)  The remaining revenues collected from the tax

20  during that fiscal year, after the required payment under

21  paragraph (a), shall be paid into the State Treasury as

22  follows:

23         1.  To the credit of the General Revenue Fund of the

24  state, 56.5 72.5 percent.

25         2.  To the credit of the Phosphate Research Trust Fund

26  in the Department of Education, Division of Universities, 13.5

27  10 percent.

28         3.  For payment to counties in proportion to the number

29  of tons of phosphate rock produced from a phosphate rock

30  matrix located within such political boundary, 20 10 percent.

31  The department shall distribute this portion of the proceeds

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






    Florida Senate - 2000                                   SB 376
    17-106-00




  1  based on production information reported by producers on the

  2  most recent annual returns filed prior to the beginning of the

  3  fiscal year. Any such proceeds received by a county shall be

  4  used only for phosphate-related expenses.

  5         4.  To the credit of the Minerals Trust Fund, 10 7.5

  6  percent.

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

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10                          SENATE SUMMARY

11    Revises the distribution of phosphate severance tax
      revenues.
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