Senate Bill sb2348er

    ENROLLED

    2005 Legislature                                CS for SB 2348



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  2         An act relating to the tax on intangible

  3         personal property; amending s. 199.032, F.S.;

  4         reducing the annual rate of the tax; providing

  5         an effective date.

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

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  9         Section 1.  Section 199.032, Florida Statutes, is

10  amended to read:

11         199.032  Levy of annual tax.--Beginning January 1,

12  2006, an annual tax of 0.5 1 mill is imposed on each dollar of

13  the just valuation of all intangible personal property that

14  has a taxable situs in this state, except for notes and other

15  obligations for the payment of money, other than bonds, which

16  are secured by mortgage, deed of trust, or other lien upon

17  real property situated in the state. This tax shall be

18  assessed and collected as provided in this chapter.

19         Section 2.  This act shall take effect January 1, 2006.

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