HOUSE AMENDMENT
Bill No. HB 289 Barcode 872443
Amendment No. 3 (for drafter's use only)
CHAMBER ACTION
Senate House
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5 ORIGINAL STAMP BELOW
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11 The Committee on Tourism offered the following:
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13 Amendment (with title amendment)
14 On page 14, lines 1 through 2
15 remove from the bill: all of said lines
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17 and insert in lieu thereof: $1 million of sales tax revenues
18 annually as required pursuant to paragraph (3)(d). If the
19 motorsports entertainment complex fails to generate $1 million
20 of sales tax revenues annually as required pursuant to
21 paragraph (3)(d), the distribution of revenues pursuant to s.
22 212.20(6)(e)7.e. shall be reduced to an amount equal to
23 $83,333 multiplied by a fraction, the numerator of which is
24 the actual revenues generated and the denominator of which is
25 $1 million. Such reduction shall remain in effect until
26 revenues generated by the motorsports entertainment complex in
27 a consecutive 12-month period equal or exceed $1 million. The
28 office must notify the Department of Revenue if it determines
29 that the motorsports entertainment complex is no longer
30 certified to receive distributions pursuant to 212.20, F.S.,
31 or if the amount of such distribution is to be adjusted.
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File original & 9 copies 03/07/01
hthe001 11:57 am 00289-tu -872443
HOUSE AMENDMENT
Bill No. HB 289 Barcode 872443
Amendment No. 3 (for drafter's use only)
1 ================ T I T L E A M E N D M E N T ===============
2 And the title is amended as follows:
3 On page 1, line 13 after ";"
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5 insert:
6 providing for a reduction of funding under
7 certain circumstances;
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File original & 9 copies 03/07/01
hthe001 11:57 am 00289-tu -872443