Florida Senate - 2014                          SENATOR AMENDMENT
       Bill No. CS/HB 7095, 1st Eng.
       
       
       
       
       
       
                                Ì138212tÎ138212                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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               Floor: 1a/RE/3R         .                                
             05/02/2014 10:40 AM       .                                
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       Senator Latvala moved the following:
       
    1         Senate Amendment to Amendment (829928) 
    2  
    3         Delete lines 537 - 550
    4  and insert:
    5         (e) Requires the applicant to reimburse the state by
    6  electing to do one of the following:
    7         1. After all distributions have been made, reimburse at the
    8  end of the contract term any amount by which the total
    9  distributions made under s. 212.20(6)(d)6.f. exceed actual new
   10  incremental state sales taxes generated by sales at the facility
   11  during the contract, plus a 5 percent penalty on that amount.
   12         2. After the applicant begins to submit the independent
   13  analysis under paragraph (c), reimburse each year any amount by
   14  which the previous year’s annual distribution exceeds 75 percent
   15  of the actual new incremental state sales taxes generated by
   16  sales at the facility.
   17  
   18  Any reimbursement due to the state must be made within 90 days
   19  after the applicable distribution under this paragraph. If the
   20  applicant is unable or unwilling to reimburse the state for such
   21  amount, the department may place a lien on the applicant’s
   22  facility. If the applicant is a municipality or county, it may
   23  reimburse the state from its half-cent sales tax allocation, as
   24  provided in s. 218.64(3). Reimbursements must be sent to the
   25  Department of Revenue for deposit into the General Revenue Fund.