| 1 | A bill to be entitled |
| 2 | An act relating to the surplus lines tax; amending s. |
| 3 | 626.932, F.S.; reallocating distributions of surplus lines |
| 4 | tax collections to the Insurance Regulatory Trust Fund and |
| 5 | the General Revenue Fund; providing an effective date. |
| 6 |
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| 7 | Be It Enacted by the Legislature of the State of Florida: |
| 8 |
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| 9 | Section 1. Subsection (5) of section 626.932, Florida |
| 10 | Statutes, is amended to read: |
| 11 | 626.932 Surplus lines tax.-- |
| 12 | (5) The department shall deposit 17.9 24.3 percent of all |
| 13 | taxes collected under this section to the credit of the |
| 14 | Insurance Regulatory Trust Fund. Eighty-two and one-tenths |
| 15 | Seventy-five and seven-tenths percent of all taxes collected |
| 16 | under this section shall be deposited into the General Revenue |
| 17 | Fund. |
| 18 | Section 2. This act shall take effect July 1, 2008. |