SENATE AMENDMENT
Bill No. HB 1-B
Amendment No. ___ Barcode 765054
CHAMBER ACTION
Senate House
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11 Senator Carlton moved the following amendment:
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13 Senate Amendment (with title amendment)
14 delete everything after the enacting clause
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16 and insert:
17 Section 1. Notwithstanding paragraph 11.13(1)(b),
18 Florida Statutes, or any other law, the salary of members of
19 the Senate and House of Representatives shall not be as
20 calculated according to that paragraph; instead, those members
21 shall be paid salary at the rate that existed on June 30,
22 2001. In addition, the salary of the Governor, the Lieutenant
23 Governor, the members of the Cabinet, and the heads of all
24 departments of the executive branch shall be that which
25 existed on June 30, 2001. This section expires June 30, 2002.
26 Section 2. Effective January 1, 2002, subsection (2)
27 of section 199.185, Florida Statutes, is amended to read:
28 199.185 Property exempted from annual and nonrecurring
29 taxes.--
30 (2) Every natural person is entitled each year to an
31 exemption of the first $20,000 $250,000 of the value of
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SENATE AMENDMENT
Bill No. HB 1-B
Amendment No. ___ Barcode 765054
1 property otherwise subject to the annual tax. A husband and
2 wife filing jointly shall have an exemption of $40,000
3 $500,000. Every taxpayer that is not a natural person is
4 entitled each year to an exemption of the first $250,000 of
5 the value of property otherwise subject to the tax. Agents and
6 fiduciaries, other than guardians and custodians under a
7 gifts-to-minors act, filing as such may not claim this
8 exemption on behalf of their principals or beneficiaries;
9 however, if the principal or beneficiary returns the property
10 held by the agent or fiduciary and is a natural person, the
11 principal or beneficiary may claim the exemption. No taxpayer
12 shall be entitled to more than one exemption under this
13 subsection. This exemption shall not apply to that intangible
14 personal property described in s. 199.023(1)(d).
15 Section 3. Effective January 1, 2004, subsection (2)
16 of section 199.185, Florida Statutes, as amended by this act,
17 is amended to read:
18 199.185 Property exempted from annual and nonrecurring
19 taxes.--
20 (2) Every natural person is entitled each year to an
21 exemption of the first $250,000 $20,000 of the value of
22 property otherwise subject to the annual tax. A husband and
23 wife filing jointly shall have an exemption of $500,000
24 $40,000. Every taxpayer that is not a natural person is
25 entitled each year to an exemption of the first $250,000 of
26 the value of property otherwise subject to the tax. Agents and
27 fiduciaries, other than guardians and custodians under a
28 gifts-to-minors act, filing as such may not claim this
29 exemption on behalf of their principals or beneficiaries;
30 however, if the principal or beneficiary returns the property
31 held by the agent or fiduciary and is a natural person, the
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9:46 AM 10/30/01 h0001Bc-24X02
SENATE AMENDMENT
Bill No. HB 1-B
Amendment No. ___ Barcode 765054
1 principal or beneficiary may claim the exemption. No taxpayer
2 shall be entitled to more than one exemption under this
3 subsection. This exemption shall not apply to that intangible
4 personal property described in s. 199.023(1)(d).
5 Section 4. Except as otherwise provided in this act,
6 this act shall take effect January 1, 2002.
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10 And the title is amended as follows:
11 On page 1, lines 2 through 6, delete those lines
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13 and insert:
14 An act relating to state financial matters;
15 prescribing the salary rate for specified state
16 officials; providing an expiration date;
17 amending s. 199.185, F.S.; postponing the
18 increase in exemptions under the tax on
19 intangible property; providing effective dates.
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