Senate Bill sb0884

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    Florida Senate - 2003        (NP)                       SB 884

    By Senator Clary





    309-486-03

  1                      A bill to be entitled

  2         An act relating to trust funds; re-creating the

  3         Corporation Tax Administration Trust Fund

  4         within the Department of Revenue without

  5         modification; carrying forward current balances

  6         and continuing current sources and uses

  7         thereof; providing an effective date.

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  9         WHEREAS, the Legislature wishes to extend the life of

10  the Corporation Tax Administration Trust Fund within the

11  Department of Revenue, which is otherwise scheduled to be

12  terminated pursuant to constitutional mandate, and

13         WHEREAS, the Legislature has reviewed the trust fund

14  before its scheduled termination date and has found that it

15  continues to meet an important public purpose, and

16         WHEREAS, the Legislature has found that existing public

17  policy concerning the trust fund sets adequate parameters for

18  its use, NOW, THEREFORE,

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

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22         Section 1.  (1)  The Corporation Tax Administration

23  Trust Fund within the Department of Revenue, FLAIR number

24  73-2-134, which is to be terminated pursuant to Section 19(f),

25  Article III of the State Constitution on November 4, 2004, is

26  re-created.

27         (2)  All current balances of the trust fund are carried

28  forward, and all current sources and uses of the trust fund

29  are continued.

30         Section 2.  This act shall take effect November 4,

31  2004.

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    Florida Senate - 2003        (NP)                       SB 884
    309-486-03




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 2                          SENATE SUMMARY

 3    Re-creates the Corporation Tax Administration Trust Fund
      within the Department of Revenue.
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CODING: Words stricken are deletions; words underlined are additions.