House Bill 0411

    Florida House of Representatives - 2000                 HB 411

        By Representatives Bradley, Feeney and Fasano






  1                      A bill to be entitled

  2         An act relating to tax on sales, use, and other

  3         transactions; amending s. 212.06, F.S.;

  4         increasing the exemption from the indexed tax

  5         on manufactured asphalt that applies to

  6         manufactured asphalt used for any state or

  7         local government public works project;

  8         providing an effective date.

  9

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

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12         Section 1.  Paragraph (c) of subsection (1) of section

13  212.06, Florida Statutes, is amended to read:

14         212.06  Sales, storage, use tax; collectible from

15  dealers; "dealer" defined; dealers to collect from purchasers;

16  legislative intent as to scope of tax.--

17         (1)

18         (c)1.  Notwithstanding the provisions of paragraph (b),

19  the use tax on asphalt manufactured for one's own use shall be

20  calculated with respect to paragraph (b) only upon the cost of

21  materials which become a component part or which are an

22  ingredient of the finished asphalt and upon the cost of the

23  transportation of such components and ingredients.  In

24  addition, an indexed tax of 38 cents per ton of such

25  manufactured asphalt shall be due at the same time and in the

26  same manner as taxes due pursuant to paragraph (b). Beginning

27  July 1, 1989, the indexed tax shall be adjusted each July 1 to

28  an amount, rounded to the nearest cent, equal to the product

29  of 38 cents multiplied by a fraction, the numerator of which

30  is the annual average of the "materials and components for

31  construction" series of the producer price index, as

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






    Florida House of Representatives - 2000                 HB 411

    547-144-00






  1  calculated and published by the United States Department of

  2  Labor, Bureau of Statistics, for the previous calendar year,

  3  and the denominator of which is the annual average of said

  4  series for calendar year 1988.

  5         2.  The indexed tax imposed by this paragraph shall not

  6  apply to Manufactured asphalt which is used for any state or

  7  local government public works project shall be exempt from the

  8  indexed tax imposed by this paragraph as follows:.

  9         a.  Beginning July 1, 1999, such manufactured asphalt

10  shall be exempt from 20 percent of the indexed tax such amount

11  is exempt.

12         b.  Beginning July 1, 2000, such manufactured asphalt

13  shall be exempt from 40 percent of the indexed tax.

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

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17                          HOUSE SUMMARY

18
      Increases the exemption from the indexed tax on
19    manufactured asphalt that applies to manufactured asphalt
      used for any state or local government public works
20    project from 20 percent to 40 percent.

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