| 1 | Representative Saunders offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between lines 326 and 327, insert: |
| 5 | Section 6. Subsections (9), (10), (13), (15), and (16) of |
| 6 | section 201.15, Florida Statutes, are amended to read: |
| 7 | 201.15 Distribution of taxes collected.--All taxes |
| 8 | collected under this chapter are subject to the service charge |
| 9 | imposed in s. 215.20(1). Prior to distribution under this |
| 10 | section, the Department of Revenue shall deduct amounts |
| 11 | necessary to pay the costs of the collection and enforcement of |
| 12 | the tax levied by this chapter. Such costs and the service |
| 13 | charge may not be levied against any portion of taxes pledged to |
| 14 | debt service on bonds to the extent that the costs and service |
| 15 | charge are required to pay any amounts relating to the bonds. |
| 16 | All taxes remaining after deduction of costs and the service |
| 17 | charge shall be distributed as follows: |
| 18 | (9) Seven and fifty-three hundredths The lesser of 7.53 |
| 19 | percent of the remaining taxes collected under this chapter or |
| 20 | $107 million in each fiscal year shall be paid into the State |
| 21 | Treasury to the credit of the State Housing Trust Fund and shall |
| 22 | be used as follows: |
| 23 | (a) Half of that amount shall be used for the purposes for |
| 24 | which the State Housing Trust Fund was created and exists by |
| 25 | law. |
| 26 | (b) Half of that amount shall be paid into the State |
| 27 | Treasury to the credit of the Local Government Housing Trust |
| 28 | Fund and shall be used for the purposes for which the Local |
| 29 | Government Housing Trust Fund was created and exists by law. |
| 30 | (10) Eight and sixty-six hundredths The lesser of 8.66 |
| 31 | percent of the remaining taxes collected under this chapter or |
| 32 | $136 million in each fiscal year shall be paid into the State |
| 33 | Treasury to the credit of the State Housing Trust Fund and shall |
| 34 | be used as follows: |
| 35 | (a) Twelve and one-half percent of that amount shall be |
| 36 | deposited into the State Housing Trust Fund and be expended by |
| 37 | the Department of Community Affairs and by the Florida Housing |
| 38 | Finance Corporation for the purposes for which the State Housing |
| 39 | Trust Fund was created and exists by law. |
| 40 | (b) Eighty-seven and one-half percent of that amount shall |
| 41 | be distributed to the Local Government Housing Trust Fund and |
| 42 | shall be used for the purposes for which the Local Government |
| 43 | Housing Trust Fund was created and exists by law. Funds from |
| 44 | this category may also be used to provide for state and local |
| 45 | services to assist the homeless. |
| 46 | (13) Beginning July 1, 2009 2008, in each fiscal year that |
| 47 | the remaining taxes collected under this chapter exceed |
| 48 | collections in the prior fiscal year, the stated maximum dollar |
| 49 | amounts provided in subsections (2), (4), (6), and (7), (9), and |
| 50 | (10) shall each be increased by an amount equal to 10 percent of |
| 51 | the increase in the remaining taxes collected under this chapter |
| 52 | multiplied by the applicable percentage provided in those |
| 53 | subsections. |
| 54 | (15) Distributions to the State Housing Trust Fund |
| 55 | pursuant to subsections (9) and (10) shall be sufficient to |
| 56 | cover amounts required to be transferred to the Florida |
| 57 | Affordable Housing Guarantee Program's annual debt service |
| 58 | reserve and guarantee fund pursuant to s. 420.5092(6)(a) and (b) |
| 59 | up to but not exceeding the amount required to be transferred to |
| 60 | such reserve and fund based on the percentage distribution of |
| 61 | documentary stamp tax revenues to the State Housing Trust Fund |
| 62 | which is in effect in the 2004-2005 fiscal year. |
| 63 | (15)(16) The remaining taxes collected under this chapter, |
| 64 | after the distributions provided in the preceding subsections, |
| 65 | shall be paid into the State Treasury to the credit of the |
| 66 | General Revenue Fund. |
| 67 |
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| 68 | ----------------------------------------------------- |
| 69 | T I T L E A M E N D M E N T |
| 70 | Between lines 35 and 36, insert: |
| 71 | s. 201.15, F.S.; removing a limitation on the amount of |
| 72 | such proceeds which may be deposited into the State |
| 73 | Housing Trust Fund on or after a specified date; amending |