House Bill 0389

    Florida House of Representatives - 2000                 HB 389

        By Representatives Harrington, Stansel, Putnam, Dockery,
    Edwards, Murman, Crist, Alexander and Hart





  1                      A bill to be entitled

  2         An act relating to the tax on the severance of

  3         phosphate rock; amending s. 211.3103, F.S.;

  4         revising the distribution of the revenues from

  5         said tax under specified circumstances;

  6         providing an effective date.

  7

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

  9

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

11  Statutes, is amended to read:

12         211.3103  Levy of tax on severance of phosphate rock;

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

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

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

16  State Treasury as follows:

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

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

19  the Conservation and Recreation Lands Trust Fund.

20         (b)  The remaining revenues collected from the tax

21  during that fiscal year, after the required payment under

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

23  follows:

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

25  state, 56.5 72.5 percent.

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

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

28  10 percent.

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

30  of tons of phosphate rock produced from a phosphate rock

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

                                  1

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






    Florida House of Representatives - 2000                 HB 389

    581-130A-00






  1  The department shall distribute this portion of the proceeds

  2  based on production information reported by producers on the

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

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

  5  used only for phosphate-related expenses.

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

  7  percent.

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

  9

10            *****************************************

11                          HOUSE SUMMARY

12
      Revises the distribution of the phosphate severance tax
13    that applies if the base rate is reduced by 20 percent
      under the circumstances described in s. 211.3103(5)(c),
14    F.S., so that the General Revenue Fund receives a smaller
      proportion, and the proportions distributed to the
15    Phosphate Research Trust Fund, the Minerals Trust Fund,
      and the counties are increased.
16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

                                  2