| 1 | Representative(s) D. Davis offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between line(s) 513 and 514 insert: |
| 5 | Section 7. Subsection (1) of section 624.5091, Florida |
| 6 | Statutes, is amended to read: |
| 7 | 624.5091 Retaliatory provision, insurers.-- |
| 8 | (1)(a) When by or pursuant to the laws of any other state |
| 9 | or foreign country any taxes, licenses, and other fees, in the |
| 10 | aggregate, and any fines, penalties, deposit requirements, or |
| 11 | other material obligations, prohibitions, or restrictions are or |
| 12 | would be imposed upon Florida insurers or upon the agents or |
| 13 | representatives of such insurers, which are in excess of such |
| 14 | taxes, licenses, and other fees, in the aggregate, or which are |
| 15 | in excess of the fines, penalties, deposit requirements, or |
| 16 | other obligations, prohibitions, or restrictions directly |
| 17 | imposed upon similar insurers, or upon the agents or |
| 18 | representatives of such insurers, of such other state or country |
| 19 | under the statutes of this state, so long as such laws of such |
| 20 | other state or country continue in force or are so applied, the |
| 21 | same taxes, licenses, and other fees, in the aggregate, or |
| 22 | fines, penalties, deposit requirements, or other material |
| 23 | obligations, prohibitions, or restrictions of whatever kind |
| 24 | shall be imposed by the Department of Revenue upon the insurers, |
| 25 | or upon the agents or representatives of such insurers, of such |
| 26 | other state or country doing business or seeking to do business |
| 27 | in this state. In determining the taxes to be imposed under this |
| 28 | section, 80 percent and a portion of the remaining 20 percent as |
| 29 | provided in paragraph (b) of the credit provided by s. |
| 30 | 624.509(5), as limited by s. 624.509(6) and further determined |
| 31 | by s. 624.509(7), shall not be taken into consideration. |
| 32 | (b) As used in this subsection, the term "portion of the |
| 33 | remaining 20 percent" shall be calculated by multiplying the |
| 34 | remaining 20 percent by a fraction, the numerator of which is |
| 35 | the sum of the salaries qualifying for the credit provided by s. |
| 36 | 624.509(5) of employees whose place of employment is located in |
| 37 | an enterprise zone created pursuant to chapter 290 and the |
| 38 | denominator of which is the sum of the salaries qualifying for |
| 39 | the credit provided by s. 624.509(5). |
| 40 |
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| 41 | ================ T I T L E A M E N D M E N T ============= |
| 42 | Remove line(s) 36 and insert: |
| 43 | enterprise zone; amending s. 624.5091, F.S.; increasing the |
| 44 | amount of tax credits excluded from calculation of insurance |
| 45 | retaliatory taxes; amending s. 290.0065, F.S.; establishing |