SENATE AMENDMENT

    Bill No. SB 390

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Holzendorf 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.  Effective upon this act becoming a law, the

18  Department of Revenue, in consultation with the Department of

19  Insurance and the Division of Retirement, shall conduct a

20  study evaluating various alternatives to determining the

21  method of calculating and distributing insurance premium taxes

22  to 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 shall evaluate

26  the effect of various distribution formulas and new

27  technologies on participating municipalities and special fire

28  control districts. At least one public workshop shall be held.

29  The study shall provide a "hold harmless" provision

30  stipulating that no participating municipality or special fire

31  control district shall receive in subsequent years less

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                                                  SENATE AMENDMENT

    Bill No. SB 390

    Amendment No.    





 1  funding than was received during the year 1999, and the study

 2  may not include any recommendations contrary to the "hold

 3  harmless" provision. The Department of Revenue shall submit to

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

 5  results of its study and the department's recommended

 6  legislation. Until July 1, 2001, the Department of Insurance

 7  shall not take any action to audit insurers or finalize any

 8  pending audits of insurers with respect to the accuracy of

 9  coding the location of insured properties for purposes

10  associated with these premium taxes. The Department of

11  Insurance, the Division of Retirement, and insurers shall

12  assist the Department of Revenue in securing information

13  needed for this study.

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15  (Redesignate subsequent sections.)

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

19  And the title is amended as follows:

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

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22  and insert:

23         An act relating to taxation; amending s.

24         206.9825, F.S.; rescinding the repeal of the

25         alternative tax rate; requiring the Department

26         of Revenue to conduct a study and submit a

27         report to the Legislature related to

28         distributing premium taxes to local

29         governments; prohibiting the Department of

30         Insurance from auditing insurers with respect

31         to certain data;

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