Florida Senate - 2012                        COMMITTEE AMENDMENT
       Bill No. SB 710
       
       
       
       
       
       
                                Barcode 617514                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  01/10/2012           .                                
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       The Committee on Regulated Industries (Bogdanoff) 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 35 percent. If a destination resort license is issued,
    9  and after the first game is conducted at the destination resort,
   10  the tax rate on slot machine revenues at each facility shall be
   11  10 percent. If, during any state fiscal year, the aggregate
   12  amount of tax paid to the state by all slot machine licensees
   13  and limited gaming licensees in Broward and Miami-Dade Counties
   14  is less than the aggregate amount of tax paid to the state by
   15  all slot machine licensees in the 2008-2009 fiscal year, each
   16  slot machine licensee shall pay to the state within 45 days
   17  after the end of the state fiscal year a surcharge equal to its
   18  pro rata share of an amount equal to the difference between the
   19  aggregate amount of tax paid to the state by all slot machine
   20  licensees in the 2008-2009 fiscal year and the amount of tax
   21  paid during the fiscal year. Each licensee’s pro rata share
   22  shall be an amount determined by dividing the number 1 by the
   23  number of facilities licensed to operate slot machines during
   24  the applicable fiscal year, regardless of whether the facility
   25  is operating such machines.