Senate Bill 0382

    Florida Senate - 2000                                   SB 382

    By Senator Clary





    7-391-00                                            See HB 283

  1                      A bill to be entitled

  2         An act relating to insurance taxes; amending s.

  3         624.511, F.S.; revising provisions that specify

  4         the date by which refunds of overpayments of

  5         taxes due under ss. 624.509 and 624.510, F.S.,

  6         must be made; providing an effective date.

  7

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

  9

10         Section 1.  Subsection (2) of section 624.511, Florida

11  Statutes, is amended to read:

12         624.511  Tax statement; overpayments.--

13         (2)  Notwithstanding the provisions of s. 215.26(1), if

14  any insurer makes an overpayment on account of taxes due under

15  ss. 624.509 and 624.510, a refund of the overpayment of taxes

16  shall be made out of the General Revenue Fund.  Overpayment of

17  taxes due under ss. 624.509 and 624.510 shall be refunded no

18  later sooner than 60 days after the first day of the state

19  fiscal year following the date the tax was due, or, if the

20  date of the insurer's request for a refund of overpayment of

21  taxes is no earlier than the first day of the state fiscal

22  year following the date the tax was due, such overpayment

23  shall be refunded no later than 60 days after the date of the

24  insurer's request.

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

26

27            *****************************************

28                       LEGISLATIVE SUMMARY

29
      Revises provisions that specify the date by which refunds
30    of overpayments of insurance premium taxes under s.
      624.509, F.S., and wet marine and transportation
31    insurance taxes under s. 624.510, F.S., must be made.

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