HB 5043

1
A bill to be entitled
2An act relating to the surplus lines tax; amending s.
3626.932, F.S.; reallocating distributions of surplus lines
4tax collections to the Insurance Regulatory Trust Fund and
5the General Revenue Fund; providing an effective date.
6
7Be It Enacted by the Legislature of the State of Florida:
8
9     Section 1.  Subsection (5) of section 626.932, Florida
10Statutes, is amended to read:
11     626.932  Surplus lines tax.--
12     (5)  The department shall deposit 17.9 24.3 percent of all
13taxes collected under this section to the credit of the
14Insurance Regulatory Trust Fund. Eighty-two and one-tenths
15Seventy-five and seven-tenths percent of all taxes collected
16under this section shall be deposited into the General Revenue
17Fund.
18     Section 2.  This act shall take effect July 1, 2008.


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