Senate Bill sb0330

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    Florida Senate - 2003                                   SB 330

    By Senator Pruitt





    28-333-03

  1                      A bill to be entitled

  2         An act relating to firefighter and municipal

  3         police pensions; creating s. 175.1015, F.S.;

  4         authorizing the Department of Revenue to create

  5         and maintain a database for use by insurers

  6         that report and remit an excise tax on property

  7         insurance premiums; providing insurers with

  8         incentives for using the database; providing

  9         penalties for failure to use the database;

10         requiring local governments to provide

11         information to the department; appropriating

12         funds to the department for the administration

13         of the database; authorizing the department to

14         adopt rules; creating s. 185.085, F.S.;

15         authorizing the Department of Revenue to create

16         and maintain a database for use by insurers

17         that report and remit an excise tax on casualty

18         insurers premiums; providing incentives to

19         insurers for using the database and penalties

20         for failure to use the database; requiring

21         local governments to provide information to the

22         department; appropriating funds to the

23         department for the administration of the

24         database; authorizing the department to adopt

25         rules; providing for distribution of tax

26         revenues through 2007; amending s. 175.351,

27         F.S.; defining the term "extra benefits" with

28         respect to pension plans for firefighters;

29         amending s. 185.35, F.S.; providing for the

30         meaning of the term "extra benefits" with

31         respect to pension plans for municipal police

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 1         officers; providing an appropriation to the

 2         Department of Revenue; providing an effective

 3         date.

 4  

 5  Be It Enacted by the Legislature of the State of Florida:

 6  

 7         Section 1.  Section 175.1015, Florida Statutes, is

 8  created to read:

 9         175.1015  Determination of local premium tax situs.--

10         (1)(a)  Any insurance company that is obligated to

11  report and remit the excise tax on property insurance premiums

12  imposed under s. 175.101 shall be held harmless from any

13  liability for taxes, interest, or penalties that would

14  otherwise be due solely as a result of an assignment of an

15  insured property to an incorrect local taxing jurisdiction if

16  the insurance company exercises due diligence in applying an

17  electronic database provided by the Department of Revenue

18  under subsection (2). Insurance companies that do not use the

19  electronic database provided by the Department of Revenue or

20  that do not exercise due diligence in applying the electronic

21  database are subject to a 0.5-percent penalty on the portion

22  of the premium pertaining to any insured risk that is

23  improperly assigned, whether assigned to an improper local

24  taxing jurisdiction, not assigned to a local taxing

25  jurisdiction when it should be assigned to a local taxing

26  jurisdiction, or assigned to a local taxing jurisdiction when

27  it should not be assigned to a local taxing jurisdiction.

28         (b)  Any insurance company that is obligated to report

29  and remit the excise tax on commercial property insurance

30  premiums imposed under s. 175.101 and is unable, after due

31  diligence, to assign an insured property to a specific local

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    Florida Senate - 2003                                   SB 330
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 1  taxing jurisdiction for purposes of complying with paragraph

 2  (a) shall remit the excise tax on commercial property

 3  insurance premiums using a methodology of apportionment in a

 4  manner consistent with the remittance for the 2002 calendar

 5  year.

 6         (2)(a)  The Department of Revenue shall, subject to

 7  legislative appropriation, create as soon as practical and

 8  feasible, and thereafter shall maintain, an electronic

 9  database that conforms to any format approved by the American

10  National Standards Institute's Accredited Standards Committee

11  X12 and that designates for each street address and address

12  range in the state, including any multiple postal street

13  addresses applicable to one street location, the local taxing

14  jurisdiction in which the street address and address range is

15  located, and the appropriate code for each such participating

16  local taxing jurisdiction, identified by one nationwide

17  standard numeric code. The nationwide standard numeric code

18  must contain the same number of numeric digits, and each digit

19  or combination of digits must refer to the same level of

20  taxing jurisdiction throughout the United States and must be

21  in a format similar to FIPS 55-3 or other appropriate standard

22  approved by the Federation of Tax Administrators and the

23  Multistate Tax Commission. Each address or address range must

24  be provided in standard postal format, including the street

25  number, street number range, street name, and zip code. Each

26  year after the creation of the initial database, the

27  Department of Revenue shall annually create and maintain a

28  database for the current tax year. Each annual database must

29  be calendar-year specific.

30         (b)1.  Each participating local taxing jurisdiction

31  shall furnish to the Department of Revenue all information

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    Florida Senate - 2003                                   SB 330
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 1  needed to create the electronic database as soon as practical

 2  and feasible. The information furnished to the Department of

 3  Revenue must specify an effective date.

 4         2.  Each participating local taxing jurisdiction shall

 5  furnish to the Department of Revenue all information needed to

 6  create and update the current year's database, including

 7  changes in annexations, incorporations, and reorganizations

 8  and any other changes in jurisdictional boundaries, as well as

 9  changes in eligibility to participate in the excise tax

10  imposed under this chapter. The information must specify an

11  effective date and must be furnished to the Department of

12  Revenue by July 1 of the current year.

13         3.  The Department of Revenue shall create and update

14  the current year's database in accordance with the information

15  furnished by participating local taxing jurisdictions under

16  subparagraph 1. or subparagraph 2., as appropriate. To the

17  extent practicable, the Department of Revenue shall post each

18  new annual database on a web site by September 1 of each year.

19  Each participating local taxing jurisdiction shall have access

20  to this web site and, within 30 days thereafter, shall provide

21  any corrections to the Department of Revenue. The Department

22  of Revenue shall finalize the current year's database and post

23  it on a web site by November 1 of the tax year. If a dispute

24  in jurisdictional boundaries cannot be resolved so that

25  changes in boundaries may be included, as appropriate, in the

26  database by November 1, the changes may not be retroactively

27  included in the current year's database and the boundaries

28  will remain the same as in the previous year's database. The

29  finalized database must be used in assigning policies and

30  premiums to the proper local taxing jurisdiction for the

31  insurance premium tax return due on the following March 1. The

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 1  Department of Revenue shall furnish the annual database on

 2  magnetic or electronic media to any insurance company or

 3  vendor that requests the database for the sole purpose of

 4  assigning insurance premiums to the proper local taxing

 5  jurisdiction for the excise tax imposed under this chapter.

 6  Information contained in the electronic database is conclusive

 7  for purposes of this chapter. The electronic database is not

 8  an order, a rule, or a policy of general applicability.

 9         4.  Each annual database must identify the additions,

10  deletions, and other changes to the preceding version of the

11  database.

12         (3)(a)  As used in this section, the term "due

13  diligence" means the care and attention that is expected from

14  and is ordinarily exercised by a reasonable and prudent person

15  under the circumstances.

16         (b)  Notwithstanding any law to the contrary, an

17  insurance company is exercising due diligence if the insurance

18  company complies with the provisions of paragraph (1)(b) or if

19  the insurance company assigns an insured's premium to local

20  taxing jurisdictions in accordance with the Department of

21  Revenue's annual database and:

22         1.  Expends reasonable resources to accurately and

23  reliably implement such method;

24         2.  Maintains adequate internal controls to correctly

25  include in its database of policyholders the location of the

26  property insured, in the proper address format, so that

27  matching with the department's database is accurate; and

28         3.  Corrects errors in the assignment of addresses to

29  local taxing jurisdictions within 120 days after the insurance

30  company discovers the errors.

31  

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    Florida Senate - 2003                                   SB 330
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 1         (4)  There is annually appropriated from the moneys

 2  collected under this chapter and deposited in the Police and

 3  Firefighter's Premium Tax Trust Fund an amount sufficient to

 4  pay the expenses of the Department of Revenue in administering

 5  this section, but not to exceed $50,000 annually, adjusted

 6  annually by the lesser of a 5-percent increase or the

 7  percentage of growth in the total collections.

 8         (5)  The Department of Revenue shall adopt rules

 9  necessary to administer this section, including rules

10  establishing procedures and forms.

11         (6)  Any insurer that is obligated to collect and remit

12  the tax on property insurance imposed under s. 175.101 shall

13  be held harmless from any liability for taxes, interest, or

14  penalties that would otherwise be due solely as a result of an

15  assignment of an insured property to an incorrect local taxing

16  jurisdiction, based on the collection and remission of the tax

17  accruing before January 1, 2004, if the insurer collects and

18  reports this tax consistent with filings for periods before

19  January 1, 2004. Further, any insurer that is obligated to

20  collect and remit the tax on property insurance imposed under

21  this section is not subject to an examination under s. 624.316

22  or s. 624.3161 which would occur solely as a result of an

23  assignment of an insured property to an incorrect local taxing

24  jurisdiction, based on the collection and remission of such

25  tax accruing before January 1, 2004.

26         Section 2.  Section 185.085, Florida Statutes, is

27  created to read:

28         185.085  Determination of local premium tax situs.--

29         (1)(a)  Any insurance company that is obligated to

30  report and remit the excise tax on casualty insurance premiums

31  imposed under s. 185.08 shall be held harmless from any

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    Florida Senate - 2003                                   SB 330
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 1  liability for taxes, interest, or penalties that would

 2  otherwise be due solely as a result of an assignment of an

 3  insured property to an incorrect local taxing jurisdiction if

 4  the insurance company exercises due diligence in applying an

 5  electronic database provided by the Department of Revenue

 6  under subsection (2). Insurance companies that do not use the

 7  electronic database provided by the Department of Revenue or

 8  that do not exercise due diligence in applying the electronic

 9  database are subject to a 0.5-percent penalty on the portion

10  of the premium pertaining to any insured risk that is

11  improperly assigned, whether assigned to an improper local

12  taxing jurisdiction, not assigned to a local taxing

13  jurisdiction when it should be assigned to a local taxing

14  jurisdiction, or assigned to a local taxing jurisdiction when

15  it should not be assigned to a local taxing jurisdiction.

16         (b)  Any insurance company that is obligated to report

17  and remit the excise tax on commercial casualty insurance

18  premiums imposed under s. 185.08 and is unable, after due

19  diligence, to assign an insured property to a specific local

20  taxing jurisdiction for purposes of complying with paragraph

21  (a) shall remit the excise tax on commercial casualty

22  insurance premiums using a methodology of apportionment in a

23  manner consistent with the remittance for the 2002 calendar

24  year.

25         (2)(a)  The Department of Revenue shall, subject to

26  legislative appropriation, create as soon as practical and

27  feasible, and thereafter shall maintain, an electronic

28  database that conforms to any format approved by the American

29  National Standards Institute's Accredited Standards Committee

30  X12 and that designates for each street address and address

31  range in the state, including any multiple postal street

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    Florida Senate - 2003                                   SB 330
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 1  addresses applicable to one street location, the local taxing

 2  jurisdiction in which the street address and address range is

 3  located, and the appropriate code for each such participating

 4  local taxing jurisdiction, identified by one nationwide

 5  standard numeric code. The nationwide standard numeric code

 6  must contain the same number of numeric digits, and each digit

 7  or combination of digits must refer to the same level of

 8  taxing jurisdiction throughout the United States and must be

 9  in a format similar to FIPS 55-3 or other appropriate standard

10  approved by the Federation of Tax Administrators and the

11  Multistate Tax Commission. Each address or address range must

12  be provided in standard postal format, including the street

13  number, street number range, street name, and zip code. Each

14  year after the creation of the initial database, the

15  Department of Revenue shall annually create and maintain a

16  database for the current tax year. Each annual database must

17  be calendar-year specific.

18         (b)1.  Each participating local taxing jurisdiction

19  shall furnish to the Department of Revenue all information

20  needed to create the electronic database as soon as practical

21  and feasible. The information furnished to the Department of

22  Revenue must specify an effective date.

23         2.  Each participating local taxing jurisdiction shall

24  furnish to the Department of Revenue all information needed to

25  create and update the current year's database, including

26  changes in annexations, incorporations, and reorganizations

27  and any other changes in jurisdictional boundaries, as well as

28  changes in eligibility to participate in the excise tax

29  imposed under this chapter. The information must specify an

30  effective date and must be furnished to the Department of

31  Revenue by July 1 of the current year.

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 1         3.  The Department of Revenue shall create and update

 2  the current year's database in accordance with the information

 3  furnished by participating local taxing jurisdictions under

 4  subparagraph 1. or subparagraph 2., as appropriate. To the

 5  extent practicable, the Department of Revenue shall post each

 6  new annual database on a web site by September 1 of each year.

 7  Each participating local taxing jurisdiction shall have access

 8  to this web site and, within 30 days thereafter, shall provide

 9  any corrections to the Department of Revenue. The Department

10  of Revenue shall finalize the current year's database and post

11  it on a web site by November 1 of the tax year. If a dispute

12  in jurisdictional boundaries cannot be resolved so that

13  changes in boundaries may be included, as appropriate, in the

14  database by November 1, the changes may not be retroactively

15  included in the current year's database and the boundaries

16  will remain the same as in the previous year's database. The

17  finalized database must be used in assigning policies and

18  premiums to the proper local taxing jurisdiction for the

19  insurance premium tax return due on the following March 1. The

20  Department of Revenue shall furnish the annual database on

21  magnetic or electronic media to any insurance company or

22  vendor that requests the database for the sole purpose of

23  assigning insurance premiums to the proper local taxing

24  jurisdiction for the excise tax imposed under this chapter.

25  Information contained in the electronic database is conclusive

26  for purposes of this chapter. The electronic database is not

27  an order, a rule, or a policy of general applicability.

28         4.  Each annual database must identify the additions,

29  deletions, and other changes to the preceding version of the

30  database.

31  

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 1         (3)(a)  As used in this section, the term "due

 2  diligence" means the care and attention that is expected from

 3  and is ordinarily exercised by a reasonable and prudent person

 4  under the circumstances.

 5         (b)  Notwithstanding any law to the contrary, an

 6  insurance company is exercising due diligence if the insurance

 7  company complies with the provisions of paragraph (1)(b) or if

 8  the insurance company assigns an insured's premium to local

 9  taxing jurisdictions in accordance with the Department of

10  Revenue's annual database and:

11         1.  Expends reasonable resources to accurately and

12  reliably implement such method;

13         2.  Maintains adequate internal controls to correctly

14  include in its database of policyholders the location of the

15  property insured, in the proper address format, so that

16  matching with the department's database is accurate; and

17         3.  Corrects errors in the assignment of addresses to

18  local taxing jurisdictions within 120 days after the insurance

19  company discovers the errors.

20         (4)  There is annually appropriated from the moneys

21  collected under this chapter and deposited in the Police and

22  Firefighter's Premium Tax Trust Fund an amount sufficient to

23  pay the expenses of the Department of Revenue in administering

24  this section, but not to exceed $50,000 annually, adjusted

25  annually by the lesser of a 5-percent increase or the

26  percentage of growth in the total collections.

27         (5)  The Department of Revenue shall adopt rules

28  necessary to administer this section, including rules

29  establishing procedures and forms.

30         (6)(a)  Notwithstanding any other law, no methodology,

31  formula, or database that is adopted in any year after January

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 1  1, 2004, may result in a distribution to a participating

 2  municipality that has a retirement plan created pursuant to

 3  this chapter of an amount of excise tax which is less than the

 4  amount distributed to such participating municipality for

 5  calendar year 2003. However, if the total proceeds to be

 6  distributed for the current year from the excise tax imposed

 7  under s. 185.08 are less than the total amount distributed for

 8  calendar year 2003, each participating municipality shall

 9  receive a current year distribution that is proportionate to

10  its share of the total 2003 calendar year distribution. If the

11  total proceeds to be distributed for the current year from the

12  excise tax imposed under s. 185.08 are greater than or equal

13  to the total amount distributed for calendar year 2003, each

14  participating municipality shall initially be distributed a

15  minimum amount equal to the amount received for calendar year

16  2003. The remaining amount to be distributed for the current

17  year, which equals the total to be distributed for the current

18  year, less minimum distribution amount, shall be distributed

19  to those municipalities with a current-year reported amount

20  that is greater than the amount distributed to such

21  municipality for calendar year 2003. Each municipality

22  eligible for distribution of this remaining amount shall

23  receive its proportionate share of the remaining amount based

24  upon the amount reported for that municipality, above the

25  calendar year 2003 distribution for the current year, to the

26  total amount over the calendar year 2003 distribution for all

27  municipalities with a current year reported amount that is

28  greater than the calendar year 2003 distribution.

29         (b)  If a new municipality elects to participate under

30  this chapter during any year after January 1, 2004, such

31  municipality shall receive the total amount reported for the

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 1  current year for such municipality. All other participating

 2  municipalities shall receive a current year distribution,

 3  calculated as provided in this section, which is proportionate

 4  to their share of the total 2003 calendar year distribution

 5  after subtracting the amount paid to the new participating

 6  plans.

 7         (c)  This subsection expires January 1, 2007.

 8         (7)  Any insurer that is obligated to collect and remit

 9  the tax on casualty insurance imposed under s. 185.08 shall be

10  held harmless from any liability for taxes, interest, or

11  penalties that would otherwise be due solely as a result of an

12  assignment of an insured risk to an incorrect local taxing

13  jurisdiction, based on the collection and remission of the tax

14  accruing before January 1, 2004, if the insurer collects and

15  reports this tax consistent with filings for periods before

16  January 1, 2004. Further, any insurer that is obligated to

17  collect and remit the tax on casualty insurance imposed under

18  this section is not subject to an examination under s. 624.316

19  or s. 624.3161 which would occur solely as a result of an

20  assignment of an insured risk to an incorrect local taxing

21  jurisdiction, based on the collection and remission of such

22  tax accruing before the effective date of this section.

23         Section 3.  Subsection (1) of section 175.351, Florida

24  Statutes, is amended to read:

25         175.351  Municipalities and special fire control

26  districts having their own pension plans for

27  firefighters.--For any municipality, special fire control

28  district, local law municipality, local law special fire

29  control district, or local law plan under this chapter, in

30  order for municipalities and special fire control districts

31  with their own pension plans for firefighters, or for

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 1  firefighters and police officers, where included, to

 2  participate in the distribution of the tax fund established

 3  pursuant to s. 175.101, local law plans must meet the minimum

 4  benefits and minimum standards set forth in this chapter.

 5         (1)  PREMIUM TAX INCOME.--If a municipality has a

 6  pension plan for firefighters, or a pension plan for

 7  firefighters and police officers, where included, which in the

 8  opinion of the division meets the minimum benefits and minimum

 9  standards set forth in this chapter, the board of trustees of

10  the pension plan, as approved by a majority of firefighters of

11  the municipality, may:

12         (a)  Place the income from the premium tax in s.

13  175.101 in such pension plan for the sole and exclusive use of

14  its firefighters, or for firefighters and police officers,

15  where included, where it shall become an integral part of that

16  pension plan and shall be used to pay extra benefits to the

17  firefighters included in that pension plan; or

18         (b)  Place the income from the premium tax in s.

19  175.101 in a separate supplemental plan to pay extra benefits

20  to firefighters, or to firefighters and police officers where

21  included, participating in such separate supplemental plan.

22  

23  The premium tax provided by this chapter shall in all cases be

24  used in its entirety to provide extra benefits to

25  firefighters, or to firefighters and police officers, where

26  included.  However, local law plans in effect on October 1,

27  1998, shall be required to comply with the minimum benefit

28  provisions of this chapter only to the extent that additional

29  premium tax revenues become available to incrementally fund

30  the cost of such compliance as provided in s. 175.162(2)(a).

31  When a plan is in compliance with such minimum benefit

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 1  provisions, as subsequent additional premium tax revenues

 2  become available, they shall be used to provide extra

 3  benefits. For the purpose of this chapter, "additional premium

 4  tax revenues" means revenues received by a municipality or

 5  special fire control district pursuant to s. 175.121 which

 6  that exceed that amount received for calendar year 1997, and

 7  the term "extra benefits" means benefits in addition to or

 8  greater than those provided to general employees of the

 9  municipality and in addition to those in existence for

10  firefighters on March 12, 1999. Local law plans created by

11  special act before May 23, 1939, shall be deemed to comply

12  with this chapter.

13         Section 4.  Subsection (1) of section 185.35, Florida

14  Statutes, is amended to read:

15         185.35  Municipalities having their own pension plans

16  for police officers.--For any municipality, chapter plan,

17  local law municipality, or local law plan under this chapter,

18  in order for municipalities with their own pension plans for

19  police officers, or for police officers and firefighters where

20  included, to participate in the distribution of the tax fund

21  established pursuant to s. 185.08, local law plans must meet

22  the minimum benefits and minimum standards set forth in this

23  chapter:

24         (1)  PREMIUM TAX INCOME.--If a municipality has a

25  pension plan for police officers, or for police officers and

26  firefighters where included, which, in the opinion of the

27  division, meets the minimum benefits and minimum standards set

28  forth in this chapter, the board of trustees of the pension

29  plan, as approved by a majority of police officers of the

30  municipality, may:

31  

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 1         (a)  Place the income from the premium tax in s. 185.08

 2  in such pension plan for the sole and exclusive use of its

 3  police officers, or its police officers and firefighters where

 4  included, where it shall become an integral part of that

 5  pension plan and shall be used to pay extra benefits to the

 6  police officers included in that pension plan; or

 7         (b)  May place the income from the premium tax in s.

 8  185.08 in a separate supplemental plan to pay extra benefits

 9  to the police officers, or police officers and firefighters

10  where included, participating in such separate supplemental

11  plan.

12  

13  The premium tax provided by this chapter shall in all cases be

14  used in its entirety to provide extra benefits to police

15  officers, or to police officers and firefighters, where

16  included.  However, local law plans in effect on October 1,

17  1998, shall be required to comply with the minimum benefit

18  provisions of this chapter only to the extent that additional

19  premium tax revenues become available to incrementally fund

20  the cost of such compliance as provided in s. 185.16(2). When

21  a plan is in compliance with such minimum benefit provisions,

22  as subsequent additional tax revenues become available, they

23  shall be used to provide extra benefits. For the purpose of

24  this chapter, "additional premium tax revenues" means revenues

25  received by a municipality pursuant to s. 185.10 which that

26  exceed the amount received for calendar year 1997, and the

27  term "extra benefits" means benefits in addition to or greater

28  than those provided to general employees of the municipality

29  and in addition to those in existence for police officers on

30  March 12, 1999. Local law plans created by special act before

31  May 23, 1939, shall be deemed to comply with this chapter.

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 1         Section 5.  The sum of $300,000 is appropriated from

 2  the General Revenue Fund to the Department of Revenue for the

 3  one-time expense of creating the original database called for

 4  by sections 1 and 2 of this act, and to support the

 5  implementation process for use of the database. It is the

 6  intent of the Legislature in providing this appropriation that

 7  the database for sections 1 and 2 of this act be available for

 8  use in determining the allocation of premiums to the various

 9  municipalities and special fire control districts for the 2004

10  insurance premium tax return that is due by March 1, 2005.

11         Section 6.  This act shall take effect January 1, 2004.

12  

13            *****************************************

14                          SENATE SUMMARY

15    Subject to legislative appropriation, requires the
      Department of Revenue to create and maintain databases
16    for use by insurers that report and remit excise taxes on
      property insurance premiums or casualty insurance
17    premiums. Provides insurers with incentives for using the
      databases and specifies penalties for failure to use the
18    databases. Requires local governments to provide
      information to the department. Authorizes the Department
19    of Revenue to adopt rules. Provides that the term "extra
      benefits" for purposes of the premium tax includes
20    benefits provided for firefighters and police officers on
      March 12, 1999. Provides an appropriation. (See bill for
21    details.)

22  

23  

24  

25  

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