SENATE AMENDMENT

    Bill No. CS/CS/HB 615, 1st Eng.

    Amendment No.    

                            CHAMBER ACTION
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11  Senator Sebesta moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 35, lines 10 and 11, delete those lines

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16  and insert:

17         Section 34.  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. CS/CS/HB 615, 1st Eng.

    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.

10         Section 35.  This act shall take effect October 1,

11  2000, except that this section and section 34 of this act

12  shall take effect upon becoming a law.

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

16  And the title is amended as follows:

17         On page 3, lines 6 and 7, delete those lines,

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19  and insert:

20         relating to private investigation; directing

21         the Department of Revenue, in consultation with

22         the Department of Insurance, to conduct a study

23         on current methods of calculating and

24         distributing insurance premium taxes to certain

25         local governmental entities; requiring a report

26         to the Legislature; providing effective dates.

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