Florida Senate - 2007 COMMITTEE AMENDMENT
Bill No. SB 286
Barcode 522000
CHAMBER ACTION
Senate House
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02/21/2007 08:51 AM .
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11 The Committee on Commerce (Saunders) recommended the following
12 amendment:
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14 Senate Amendment (with title amendment)
15 On page 2, line 1, through
16 page 3, line 8, delete those lines
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18 and insert:
19 Section 1. Subsection (34) is added to section 212.02,
20 Florida Statutes, to read:
21 212.02 Definitions.--The following terms and phrases
22 when used in this chapter have the meanings ascribed to them
23 in this section, except where the context clearly indicates a
24 different meaning:
25 (34) "Fractional aircraft ownership program" means a
26 program that meets the requirements set forth in Federal
27 Aviation Administration Regulation Title 14, chapter I, part
28 91, subpart K, C.F.R.
29 Section 2. Subsection (19) is added to section 212.08,
30 Florida Statutes, to read:
31 212.08 Sales, rental, use, consumption, distribution,
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Florida Senate - 2007 COMMITTEE AMENDMENT
Bill No. SB 286
Barcode 522000
1 and storage tax; specified exemptions.--The sale at retail,
2 the rental, the use, the consumption, the distribution, and
3 the storage to be used or consumed in this state of the
4 following are hereby specifically exempt from the tax imposed
5 by this chapter.
6 (19) FRACTIONAL AIRCRAFT OWNERSHIP PROGRAMS.--Also
7 exempt from the tax imposed by this chapter is the sale or use
8 of:
9 (a) Aircraft for primary use in a fractional aircraft
10 ownership program.
11 (b) Any parts or labor used in the completion,
12 maintenance, repair, or overhaul of aircraft for primary use
13 in a fractional aircraft ownership program.
14 (c) A fractional ownership interest in aircraft
15 pursuant to a fractional aircraft ownership program, including
16 amounts paid by the fractional owner as monthly management or
17 maintenance fees.
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19 The exemptions provided in paragraphs (a) and (b) are not
20 allowed unless the purchaser or lessee furnishes the dealer
21 with a certificate stating that the lease, purchase, repair,
22 or maintenance to be exempted is for the exclusive use of the
23 purchaser or lessee and that the purchaser or lessee otherwise
24 qualifies for the exemption as provided in this subsection. If
25 a purchaser or lessee makes tax-exempt purchases on a
26 continual basis, the purchaser or lessee may tender the
27 certificate once and allow the dealer to keep the certificate
28 on file. The purchaser or lessee shall inform the dealer that
29 has a certificate on file when the purchaser or lessee no
30 longer qualifies for the exemption. The department shall
31 determine the format of the certificate.
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Florida Senate - 2007 COMMITTEE AMENDMENT
Bill No. SB 286
Barcode 522000
1 ================ T I T L E A M E N D M E N T ===============
2 And the title is amended as follows:
3 On page 1, line 8, after the word "the"
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5 insert:
6 parts and labor used in the
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