| 1 | Representative Brandenburg offered the following: |
| 2 |
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| 3 | Amendment to Senate Amendment (929760) (with title |
| 4 | amendment) |
| 5 | Remove lines 221-354 and insert: |
| 6 | (4)(5) Funds distributed pursuant to subparagraph (2)(b)3. |
| 7 | (2)(b)2. and (3)(b)3. subparagraphs shall be used for: |
| 8 | (a) Planning, preparing, and financing of infrastructure |
| 9 | projects for job creation and capital investment, especially |
| 10 | those related to industrial and commercial sites. Infrastructure |
| 11 | investments may include the following public or public-private |
| 12 | partnership facilities: stormwater systems, telecommunications |
| 13 | facilities, roads or other remedies to transportation |
| 14 | impediments, nature-based tourism facilities, or other physical |
| 15 | requirements necessary to facilitate trade and economic |
| 16 | development activities. |
| 17 | (b) Maximizing the use of federal, local, and private |
| 18 | resources, including, but not limited to, those available under |
| 19 | the Small Cities Community Development Block Grant Program. |
| 20 | (c) Projects that improve inadequate infrastructure that |
| 21 | has resulted in regulatory action that prohibits economic or |
| 22 | community growth, if such projects are related to specific job |
| 23 | creation or job retention opportunities. |
| 24 | (5)(6) Beginning January 1, 2004, the tax rate shall be |
| 25 | the base rate of $1.62 per ton severed. |
| 26 | (6)(7) Beginning January 1, 2005, and annually thereafter, |
| 27 | the tax rate shall be the base rate times the base rate |
| 28 | adjustment for the tax year as calculated by the department in |
| 29 | accordance with subsection (8) (9). |
| 30 | (7)(8) The excise tax levied by this section shall apply |
| 31 | to the total production of the producer during the taxable year, |
| 32 | measured on the basis of bone-dry tons produced at the point of |
| 33 | severance. |
| 34 | (8)(9)(a) On or before March 30, 2004, and annually |
| 35 | thereafter, the department shall calculate the base rate |
| 36 | adjustment, if any, for phosphate rock based on the change in |
| 37 | the unadjusted annual producer price index for the prior |
| 38 | calendar year in relation to the unadjusted annual producer |
| 39 | price index for calendar year 1999. |
| 40 | (b) For the purposes of determining the base rate |
| 41 | adjustment for any year, the base rate adjustment shall be a |
| 42 | fraction, the numerator of which is the unadjusted annual |
| 43 | producer price index for the prior calendar year and the |
| 44 | denominator of which is the unadjusted annual producer price |
| 45 | index for calendar year 1999. |
| 46 | (c) The department shall provide the base rate, the base |
| 47 | rate adjustment, and the resulting tax rate to affected |
| 48 | producers by written notice on or before April 15 of the current |
| 49 | year. |
| 50 | (d) If the producer price index for phosphate rock is |
| 51 | substantially revised, the department shall make appropriate |
| 52 | adjustment in the method used to compute the base rate |
| 53 | adjustment under this subsection which will produce results |
| 54 | reasonably consistent with the result that would have been |
| 55 | obtained if the producer price index for phosphate rock had not |
| 56 | been revised. However, the tax rate shall not be less than $1.51 |
| 57 | $1.56 per ton severed. |
| 58 | (e) If the producer price index for phosphate rock is |
| 59 | discontinued, a comparable index shall be selected by the |
| 60 | department and adopted by rule. |
| 61 | (9)(10) The excise tax levied on the severance of |
| 62 | phosphate rock shall be in addition to any ad valorem taxes |
| 63 | levied upon the separately assessed mineral interest in the real |
| 64 | property upon which the site of severance is located, or any |
| 65 | other tax, permit, or license fee imposed by the state or its |
| 66 | political subdivisions. |
| 67 | (10)(11) The tax levied by this section shall be collected |
| 68 | in the manner prescribed in s. 211.33. |
| 69 |
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| 70 | ----------------------------------------------------- |
| 71 | T I T L E A M E N D M E N T |
| 72 | Remove lines 1546-1554 and insert: |
| 73 | deleting obsolete provisions; amending s. 253.002, F.S.; |
| 74 | authorizing the Board of |
| 75 |
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