SENATE AMENDMENT

    Bill No. SB 390

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Horne moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 2, between lines 2 and 3,

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16  insert:

17         Section 2.  The Department of Revenue, in consultation

18  with the Department of Insurance and the Division of

19  Retirement within the Department of Management Services, shall

20  conduct a study of various alternatives to the current method

21  of calculating and distributing insurance premium taxes to

22  participating municipalities and special fire control

23  districts for use in funding the firefighter pensions under

24  chapter 175, Florida Statutes, and municipal police pensions

25  under chapter 185, Florida Statutes. The study must include a

26  report on the effect of various distribution formulas and the

27  use of new technologies, if any. At least one public workshop

28  shall be held. This study must also evaluate various "hold

29  harmless" provisions so that no participating municipality or

30  special fire control district receives less funding than was

31  received during 1999. The Department of Revenue shall submit

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                                                  SENATE AMENDMENT

    Bill No. SB 390

    Amendment No.    





 1  to the Legislature by February 1, 2001, a report containing

 2  the results of this study. Until July 1, 2001, the Department

 3  of Insurance shall not take any action to audit insurers or

 4  finalize any pending audits of insurers with respect to the

 5  accuracy of coding the location of insured properties for

 6  purposes associated with these premium taxes. The Department

 7  of Insurance, the Division of Retirement, and insurers shall

 8  assist the Department of Revenue in securing information

 9  needed for this study.

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11  (Redesignate subsequent sections.)

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14  ================ T I T L E   A M E N D M E N T ===============

15  And the title is amended as follows:

16         On page 1, lines 2-4, delete those lines,

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18  and insert:

19         An act relating to taxation; amending s.

20         206.9825, F.S.; rescinding the repeal of the

21         alternative tax rate; directing the Department

22         of Revenue, in consultation with the Department

23         of Insurance, to conduct a study on current

24         methods of calculating and distributing

25         insurance premium taxes to certain local

26         governmental entities; requiring a report to

27         the Legislature; providing

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