Senate Bill sb2514c1

    Florida Senate - 2004                           CS for SB 2514

    By the Committee on Finance and Taxation; and Senator Lee





    314-2252-04

  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 pursuant to

25  these subsections for any fiscal year may not exceed the

26  amounts appropriated in section 5 of chapter 2003-397, Laws of

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

28  fiscal year. Calculated distributions in excess of the amounts

29  appropriated in chapter 2003-397, Laws of Florida, the General

30  Appropriations Act for the 2003-2004 fiscal year, shall be

31  paid into the State Treasury to the credit of the General

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






    Florida Senate - 2004                           CS for SB 2514
    314-2252-04




 1  Revenue Fund of the state to be used and expended for the

 2  purposes for which the General Revenue Fund was created and

 3  exists by law.

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

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 6          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
 7                             SB 2514

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 9  The committee substitute makes it clear which distributions
    from documentary stamp tax revenue are affected by the bill
10  and the maximum amounts which may be distributed to the
    various trust funds receiving doc stamp tax.
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CODING: Words stricken are deletions; words underlined are additions.