HOUSE AMENDMENT Bill No. HB 1149
1	CHAMBER ACTION
2	Senate House
3	.
4	.
5	.
6
7
8
9
10
11
12	Representative Hogan and Davis offered the following:
13
14	Amendment (with title amendments)
15	Between line(s) 238 & 239, and insert:
16
17	Section 4. Subsection (1) of section 624.5091, Florida
18	Statutes, is amended to read:
19	624.5091 Retaliatory provision, insurers.--
20	(1) When by or pursuant to the laws of any other state or
21	foreign country any taxes, licenses, and other fees, in the
22	aggregate, and any fines, penalties, deposit requirements, or
23	other material obligations, prohibitions, or restrictions are or
24	would be imposed upon Florida insurers or upon the agents or
25	representatives of such insurers, which are in excess of such
26	taxes, licenses, and other fees, in the aggregate, or which are
27	in excess of the fines, penalties, deposit requirements, or
28	other obligations, prohibitions, or restrictions directly
29	imposed upon similar insurers, or upon the agents or
30	representatives of such insurers, of such other state or country
31	under the statutes of this state, so long as such laws of such
32	other state or country continue in force or are so applied, the
33	same taxes, licenses, and other fees, in the aggregate, or
34	fines, penalties, deposit requirements, or other material
35	obligations, prohibitions, or restrictions of whatever kind
36	shall be imposed by the Department of Revenue upon the insurers,
37	or upon the agents or representatives of such insurers, of such
38	other state or country doing business or seeking to do business
39	in this state. In determining the taxes to be imposed under this
40	section, 80 percent of the credit provided by s. 624.509(5), as
41	limited by s. 624.509(6) and further determined by s.
42	624.509(7), shall not be taken into consideration, except that
43	effective January 1, 2005, 85 percent of such credit shall not
44	be taken into consideration, and effective January 1, 2006, 90
45	percent of such credit shall not be taken into consideration.
46
47
48	================= T I T L E A M E N D M E N T =================
49	Remove line(s) 18, and insert:
50
51	appropriation; amending s. 624.5091, F.S.; providing limitations
52	on certain credits relating to retaliatory taxes; providing an
53	effective date.