Florida Senate - 2018                        COMMITTEE AMENDMENT
       Bill No. SB 926
       
       
       
       
       
       
                                Ì793458PÎ793458                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/20/2018           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       Appropriations Subcommittee on Finance and Tax (Broxson)
       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 45 - 63
    4  and insert:
    5  determined pursuant to this paragraph. Before January 1, 2024,
    6  and each year thereafter Each calendar year, the department
    7  shall determine the tax rate applicable to the sale of natural
    8  gas fuel for the following 12-month period beginning January 1,
    9  rounded to the nearest tenth of a cent, by adjusting the
   10  initially established tax rate of 5.8 cents per gallon by the
   11  percentage change in the average of the Consumer Price Index
   12  issued by the United States Department of Labor for the most
   13  recent 12-month period ending September 30, compared to the base
   14  year average, which is the average for the 12-month period
   15  ending September 30, 2013.
   16         (e)1. An additional tax is imposed on each motor fuel
   17  equivalent gallon of natural gas fuel for the privilege of
   18  selling natural gas fuel. Before January 1, 2024, and each year
   19  thereafter Each calendar year, the department shall determine
   20  the tax rate applicable to the sale of natural gas fuel, rounded
   21  to the nearest tenth of a cent, for the following 12-month
   22  period beginning January 1,. The tax rate is calculated by
   23  adjusting the initially established tax rate of 9.2 cents per
   24  gallon by the percentage change in the average of the Consumer
   25  Price Index issued by the United States Department of Labor for
   26  the most recent 12-month period ending September 30, compared to
   27  the base year average, which is the average for the 12-month
   28  period ending September 30, 2013.
   29  
   30  ================= T I T L E  A M E N D M E N T ================
   31  And the title is amended as follows:
   32         Between lines 5 and 6
   33  insert:
   34         revising the calculation of certain taxes by the
   35         Department of Revenue;