HOUSE AMENDMENT Bill No. HB 1935
1	CHAMBER ACTION
2	Senate House
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12	Representative Brummer offered the following:
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14	Amendment
15	Remove line(s) 171-216, and insert:
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17	to the nearest full percent, plus 2 percentage points,during
18	either:
19	(a) The 6-month period ending on September 30 of any
20	calendar year, or
21	(b) The 6-month period ending on March 31 of any calendar
22	year
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24	differs from the interest rate in effect on either such date,
25	the executive director of the department shall, within 20 days,
26	establish an adjusted rate of interest equal to such adjusted
27	prime rate plus 2 percentage points.
28	(3) An adjusted rate of interest established under this
29	section becomes effective:
30	(a) On January 1 of the succeeding year, if based upon the
31	adjusted prime rate plus 2 percentage pointsfor the 6-month
32	period ending on September 30; or
33	(b) On July 1 of the same calendar year, if based upon the
34	adjusted prime rate plus 2 percentage pointsfor the 6-month
35	period ending on March 31.
36	Section 3. Amendments made by this act to s. 213.235(2)
37	and (3), Florida Statutes, apply to interest due on tax payment
38	deficiencies that arise on or after July 1, 2003, and also apply
39	to interest due on tax payment deficiencies that arose on or
40	after January 1, 2000, but remain unpaid as of July 1, 2003.
41	Section 4. Effective July 1, 2003, subsections (2) and (3)
42	of section 220.807, Florida Statutes, are amended to read:
43	220.807 Determination of rate of interest.--
44	(2) If the adjusted prime rate charged by banks, rounded
45	to the nearest full percent, plus 2 percentage points,during
46	either:
47	(a) The 6-month period ending on September 30 of any
48	calendar year; or
49	(b) The 6-month period ending on March 31 of any calendar
50	year,
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52	differs from the interest rate in effect on either such date,
53	the executive director of the Department of Revenue shall,
54	within 20 days, establish an adjusted rate of interest equal to
55	such adjusted prime rate plus 2 percentage points.
56	(3) An adjusted rate of interest established under this
57	section shall become effective:
58	(a) On January 1 of the succeeding year, if based upon the
59	adjusted prime rate plus 2 percentage pointsfor the 6-month
60	period ending on September 30; or
61	(b) On July 1 of the same calendar year, if based upon the
62	adjusted prime rate plus 2 percentage pointsfor the 6-month
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64	================= T I T L E A M E N D M E N T =================
65	Remove line(s) 13, and insert:
66	prime rate plus 2 percentage points; providing legislative