HB 0003A 2003
1	A bill to be entitled
2	An act relating to deposit of insurance premium taxes;
3	amending ss. 626.932 and 626.938, F.S.; adjusting the
4	percentage of surplus lines tax and independently procured
5	coverages tax deposited into the Insurance Commissioner’s
6	Regulatory Trust Fund and the General Revenue Fund;
7	providing for construction of the act in pari materia with
8	laws enacted during the 2003 Regular Session of the
9	Legislature; providing an effective date.
10
11	Be It Enacted by the Legislature of the State of Florida:
12
13	Section 1. Subsection (5) of section 626.932, Florida
14	Statutes, is amended to read:
15	626.932 Surplus lines tax.--
16	(5) The department shall deposit 24.355percent of all
17	taxes collected under this section to the credit of the
18	Insurance Commissioner's Regulatory Trust Fund. Seventy-five and
19	seven tenthsForty-fivepercent of all taxes collected under
20	this section shall be deposited into the General Revenue Fund.
21	Section 2. Subsection (7) of section 626.938, Florida
22	Statutes, is amended to read:
23	626.938 Report and tax of independently procured
24	coverages.--
25	(7) The department shall deposit 24.355percent of all
26	taxes and interest collected under this section to the credit of
27	the Insurance Commissioner's Regulatory Trust Fund. Seventy-five
28	and seven tenthsForty-fivepercent of all taxes and interest
29	collected under this section shall be deposited into the General
30	Revenue Fund.
31	Section 3. If any law amended by this act was also amended
32	by a law enacted at the 2003 Regular Session of the Legislature,
33	such laws shall be construed as if they had been enacted at the
34	same session of the Legislature, and full effect shall be given
35	to each if possible.
36	Section 4. This act shall take effect July 1, 2003.