Senate Bill sb2514

    Florida Senate - 2004                                  SB 2514

    By Senator Lee





    10-1738-04

  1                      A bill to be entitled

  2         An act relating to the distribution of proceeds

  3         from the excise tax on documents; amending s.

  4         201.15, F.S.; requiring that any proceeds of

  5         the tax in excess of the amount appropriated in

  6         the 2003-2004 fiscal year be deposited into the

  7         General Revenue Fund rather than appropriated

  8         as otherwise provided by law; providing an

  9         effective date.

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

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13         Section 1.  Subsection (15) is added to section 201.15,

14  Florida Statutes, to read:

15         201.15  Distribution of taxes collected.--All taxes

16  collected under this chapter shall be distributed as follows

17  and shall be subject to the service charge imposed in s.

18  215.20(1), except that such service charge shall not be levied

19  against any portion of taxes pledged to debt service on bonds

20  to the extent that the amount of the service charge is

21  required to pay any amounts relating to the bonds:

22         (15)  Notwithstanding the distribution of taxes

23  calculated pursuant to subsections (2), (3), (4), (5), (6),

24  (7), (8), (9), and (10), the amounts distributed for any

25  fiscal year may not exceed the amounts appropriated in chapter

26  2003-397, Laws of Florida, the General Appropriations Act for

27  the 2003-2004 fiscal year. Calculated distributions in excess

28  of the amounts appropriated in chapter 2003-397, Laws of

29  Florida, the General Appropriations Act for the 2003-2004

30  fiscal year, shall be paid into the State Treasury to the

31  credit of the General Revenue Fund of the state to be used and

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    Florida Senate - 2004                                  SB 2514
    10-1738-04




 1  expended for the purposes for which the General Revenue Fund

 2  was created and exists by law.

 3         Section 2.  This act shall take effect July 1, 2005.

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 6                          SENATE SUMMARY

 7    Requires that the proceeds from the excise tax on
      documents be distributed as provided in the 2003-2004
 8    fiscal year and any excess amount be deposited into the
      General Revenue Fund.
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CODING: Words stricken are deletions; words underlined are additions.