CS/HB 17

1
A bill to be entitled
2An act relating to payment card transaction exactions;
3amending s. 212.17, F.S.; authorizing certain dealers to
4take a credit for taxes paid on the percentage of tax not
5reimbursed to the dealer as a result of issuer fees or
6deductions; specifying conditions and the amount of the
7credit; providing a return requirement; exempting locally
8imposed and self-administered convention development
9taxes, tourist development taxes, or tourist impact taxes;
10providing an effective date.
11
12Be It Enacted by the Legislature of the State of Florida:
13
14     Section 1.  Subsections (4) through (7) of section 212.17,
15Florida Statutes, are renumbered as subsections (5) through (8),
16respectively, and a new subsection (4) is added to that section
17to read:
18     212.17  Credits for returned goods, rentals, or admissions;
19goods acquired for dealer's own use and subsequently resold;
20additional powers of department.--
21     (4)(a)  A dealer that has paid the tax imposed by this
22chapter may take a credit on its sales and use tax return for
23the tax paid by the dealer on the percentage of tax not
24reimbursed due to any fee charged or deducted from a payment
25card sale to the dealer by an issuer of a payment card for
26processing the payment card transaction. The credit shall be
27equal to the percentage of the payment card fee multiplied by
28the amount of tax of each payment card transaction. The amount
29of the credit is limited to the amount owed on that tax return
30and shall not be carried forward. A dealer may only obtain a
31credit and may not apply for a refund.
32     (b)  This subsection applies to all taxes, surtaxes, and
33any local option taxes administered under this chapter and
34remitted directly to the department. This subsection does not
35apply to any locally imposed and self-administered convention
36development tax, tourist development tax, or tourist impact tax
37administered under this chapter.
38     Section 2.  This act shall take effect July 1, 2007.


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