Florida Senate - 2012                        COMMITTEE AMENDMENT
       Bill No. SB 710
       
       
       
       
       
       
                                Barcode 335876                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  01/10/2012           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Regulated Industries (Dean and Sachs)
       recommended the following:
       
    1         Senate Amendment to Amendment (566168) 
    2  
    3         Delete lines 3847 - 3865
    4  and insert:
    5  
    6         (2) TAX ON SLOT MACHINE REVENUES.—
    7         (a) The tax rate on slot machine revenues at each facility
    8  shall be 10 35 percent. If, during any state fiscal year, the
    9  aggregate amount of tax paid to the state by all slot machine
   10  licensees in Broward and Miami-Dade Counties is less than the
   11  aggregate amount of tax paid to the state by all slot machine
   12  licensees in the 2008-2009 fiscal year, each slot machine
   13  licensee and resort licensee shall pay to the state within 45
   14  days after the end of the state fiscal year a surcharge equal to
   15  its pro rata share of an amount equal to the difference between
   16  the aggregate amount of tax paid to the state by all slot
   17  machine licensees in the 2008-2009 fiscal year and the amount of
   18  tax paid during the fiscal year. Each licensee’s pro rata share
   19  shall be an amount determined by dividing the amount paid on
   20  slot machines by each slot and resort licensee authorized to
   21  operate slot machines by the total taxes paid by all slot
   22  machine and resort licensees authorized to operate slot machines
   23  the number 1 by the number of facilities licensed to operate
   24  slot machines during the applicable fiscal year, regardless of
   25  whether the facility is operating such machines.