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Senator Haridopolos moved the following amendment to amendment

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(306956):

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     Senate Amendment (with title amendment)

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     Between line(s) 534 and 535

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insert:

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     Section 8.  Subsections (4) and (5) are added to section

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202.29, Florida Statutes, to read:

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     202.29  Bad debts.--

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     (4) A taxpayer may report the credit for bad debt allowed

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under this section by netting such credit against the tax due to

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the state pursuant to s. 202.12 or to a local jurisdiction

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pursuant to s. 202.19, but such netting may not reduce the amount

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due to the state or to any local jurisdiction below zero.

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     (5) For purposes of determining the amount of bad debt that

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is attributable to the state or to a local jurisdiction, a

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taxpayer may employ a proportionate allocation method based on

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current gross taxes due or another reasonable allocation method

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approved by the department.

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     Section 9. The amendments made by this act to s. 202.29,

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Florida Statutes, shall be effective as if originally enacted in

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chapter 2000-260, Laws of Florida; however, the retroactive

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application of such section is remedial in nature, does not

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create a right to a refund, and does not require a refund by any

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governmental entity of any tax, penalty, or interest remitted to

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the Department of Revenue before July 1, 2008.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     On line(s) 2237, after the semicolon,

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insert:

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amending s. 202.29, F.S.; providing that credit may be

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netted against bad debt by a proportionate allocation

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method or other reasonable method; providing for

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retroactive application; specifying that certain

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provisions of the act are remedial in nature and are not a

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basis for refunds of tax for periods before July 1, 2008;

4/25/2008  7:55:00 AM     26-08695-08