| 1 | Representative Ryan offered the following: |
| 2 |
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| 3 | Amendment (with directory and title amendments) |
| 4 | Remove line(s) 30-31 and insert: |
| 5 | Section 2. (1) Notwithstanding the provisions of this act |
| 6 | and Senate Bill 18E, adopted during the 2002 Special Session E |
| 7 | of the Legislature, and any provision of s. 220.03, Florida |
| 8 | Statutes, providing for giving effect under the Florida Income |
| 9 | Tax Code to amendments to the Internal Revenue Code, any |
| 10 | provision of the Internal Revenue Code of 1986, as amended, |
| 11 | which took effect after January 1, 2002, pursuant to the Job |
| 12 | Creation and Worker Assistance Act of 2002, shall not be |
| 13 | included within the meaning of the term "Internal Revenue Code," |
| 14 | as defined in s. 220.03, Florida Statutes, for purposes of the |
| 15 | tax imposed by chapter 220, Florida Statutes, on the income of a |
| 16 | corporation and shall not be given effect under the Florida |
| 17 | Income Tax Code unless expressly adopted by the Legislature by |
| 18 | general law. |
| 19 | (2) The Department of Revenue shall adopt rules to |
| 20 | implement the provisions of this section. |
| 21 | Section 3. The sum of $124,000,000, available as a result |
| 22 | of nonapplication of the provisions of the Job Creation and |
| 23 | Worker Assistance Act of 2002 under the Florida Income Tax Code |
| 24 | pursuant to section 2, is appropriated from the General Revenue |
| 25 | Fund as follows: $57,191,523 to the Agency for Health Care |
| 26 | Administration for fiscal year 2003-2004 and for the last 2 |
| 27 | months of the current fiscal year to restore the current |
| 28 | medically needy program otherwise scheduled to be changed May 1, |
| 29 | 2003; the remaining funds to the Department of Education to |
| 30 | fully fund Bright Futures Scholarships, to avoid higher |
| 31 | education tuition increases at our public postsecondary |
| 32 | institutions, to protect the prepaid tuition program, and to |
| 33 | restore funding cuts to the State University System. |
| 34 | Section 4. This act shall take effect upon becoming a law |
| 35 | and shall operate retroactively to January 1, 2004. |
| 36 |
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| 37 | ================ T I T L E A M E N D M E N T ============= |
| 38 | Remove line(s) 5 and insert: |
| 39 | retroactive operation; specifying nonapplication of certain |
| 40 | provisions of the Internal Revenue Code under the Florida Income |
| 41 | Tax Code for certain purposes; requiring the Department of |
| 42 | Revenue to adopt certain rules; providing appropriations; |
| 43 | specifying distribution and uses of certain moneys; providing an |
| 44 | effective date. |