Senate Bill sb1924

    Florida Senate - 2004                                  SB 1924

    By Senator Margolis





    35-1334-04

  1                      A bill to be entitled

  2         An act relating to the tax on sales, use, and

  3         other transactions; amending s. 212.08, F.S.;

  4         providing that a publicly owned facility

  5         meeting certain criteria at which a collegiate

  6         football team is based may use those proceeds

  7         for the purpose of renovating the facility;

  8         providing for reporting of sales to the

  9         Department of Revenue; providing an effective

10         date.

11  

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

13  

14         Section 1.  Paragraph (r) is added to subsection (5) of

15  section 212.08, Florida Statutes, to read:

16         212.08  Sales, rental, use, consumption, distribution,

17  and storage tax; specified exemptions.--The sale at retail,

18  the rental, the use, the consumption, the distribution, and

19  the storage to be used or consumed in this state of the

20  following are hereby specifically exempt from the tax imposed

21  by this chapter.

22         (5)  EXEMPTIONS; ACCOUNT OF USE.--

23         (r)  Publicly owned football facility at which a

24  college football team is based.--

25         1.  Any publicly owned football facility, within a

26  municipality that has been declared in a state of financial

27  emergency within the preceding 6 years pursuant to s. 218.503;

28  that has had a financial emergencies board established,

29  regardless of whether the board is currently in existence; and

30  at which the football team of a private or public university

31  or college is based, may retain the proceeds of sales taxes

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2004                                  SB 1924
    35-1334-04




 1  generated by the facility, its concessionaires, ticket sales,

 2  merchandising, ticket surcharges imposed by the local

 3  government, charges for services, and rental of the facility

 4  and may use these tax proceeds for the purpose of renovating

 5  and modernizing the facility. As used in this paragraph, the

 6  term "sales taxes generated by the facility" means taxes on

 7  ticket sales for events located at the facility, ticket

 8  surcharges imposed by the local government for events held at

 9  the facility, merchandise sales and concession sales on the

10  premises of the facility, charges for services at the

11  facility, and charges for rental of the facility.

12         2.  Concessionaires, merchandisers, and other persons

13  collecting tax at the facility shall report the sales to the

14  department but shall remit the tax directly to the facility in

15  a manner prescribed by rules adopted by the department.

16         Section 2.  This act shall take effect July 1, 2004.

17  

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19                          SENATE SUMMARY

20    Provides that a publicly owned facility meeting certain
      criteria at which a collegiate football team is based may
21    use the proceeds of the tax on sales, use, and other
      transactions for the purpose of renovating the facility.
22    Provides for reporting of sales to the Department of
      Revenue.
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CODING: Words stricken are deletions; words underlined are additions.