HOUSE AMENDMENT
                                                    Bill No. HB 21   Barcode 822457
    Amendment No. ___ (for drafter's use only)
                            CHAMBER ACTION
              Senate                               House
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11  Representative(s) Wiles, Ryan, and Greenstein offered the
12  following:
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14         Substitute Amendment for Amendment (115305) (with title
15  amendment) 
16         On page 1, lines 11-20,
17  remove from the bill:  all of said lines
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19  and insert in lieu thereof:  
20         Section 1.  Subsection (2) of section 199.185, Florida
21  Statutes, is amended to read:
22         (2)  Every natural person is entitled each year to an
23  exemption of the first $100,000 $20,000 of the value of
24  property otherwise subject to the annual tax.  A husband and
25  wife filing jointly shall have an exemption of $200,000
26  $40,000. Agents and fiduciaries, other than guardians and
27  custodians under a gifts-to-minors act, filing as such may not
28  claim this exemption on behalf of their principals or
29  beneficiaries; however, if the principal or beneficiary
30  returns the property held by the agent or fiduciary and is a
31  natural person, the principal or beneficiary may claim the
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    File original & 9 copies    03/06/01                          
    hmo0006                     08:12 pm         00021-0020-822457


                                                   HOUSE AMENDMENT
                                                    Bill No. HB 21   Barcode 822457
    Amendment No. ___ (for drafter's use only)
 1  exemption.  No taxpayer shall be entitled to more than one
 2  exemption under this subsection.  This exemption shall not
 3  apply to that intangible personal property described in s.
 4  199.023(1)(d).
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 8  And the title is amended as follows:
 9         On page 1, lines 3-4,
10  remove from the title of the bill:  all of said lines
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12  and insert in lieu thereof:
13         taxes; amending s. 199.185, F.S.; increasing
14         the amount of the exemption for natural
15         persons; amending s. 199.033
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    File original & 9 copies    03/06/01                          
    hmo0006                     08:12 pm         00021-0020-822457