Senate Bill sb0368

    Florida Senate - 2005                                   SB 368

    By Senator Posey





    24-424A-05

  1                      A bill to be entitled

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

  3         other transactions; repealing s. 212.031(9),

  4         F.S.; repealing the exemption from the tax on

  5         rental or license fees for the use of real

  6         property which applies to charges for the

  7         rental, lease, sublease, or license for the use

  8         of a skybox, luxury box, or other box seats

  9         during a high school or college football game;

10         providing that the repeal is inapplicable to

11         contracts entered into before a specified date;

12         providing that the exempt status of charges

13         imposed under any such contract ends after a

14         specified date; providing an effective date.

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

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18         Section 1.  Subsection (9) of section 212.031, Florida

19  Statutes, is repealed. This repeal does not affect contracts

20  entered into before January 1, 2004; however, the exempt

21  status of charges imposed under such a contract terminates no

22  later than January 1, 2009. In addition, this repeal does not

23  affect any exemption granted under chapter 212, Florida

24  Statutes, to a nonprofit organization that is qualified under

25  s. 501(c)(3) of the Internal Revenue Code of 1986, as amended.

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

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






    Florida Senate - 2005                                   SB 368
    24-424A-05




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 2                          SENATE SUMMARY

 3    Repeals the exemption from the tax on rental or license
      fees for the rental, lease, sublease, or license for the
 4    use of a skybox, luxury box, or other box seat during a
      high school or college football game. Provides that the
 5    repeal does not apply to a contract entered into before
      January 1, 2004, and remains inapplicable if such
 6    contract terminates no later than January 1, 2009.

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