Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. SB 576
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       The Committee on Finance and Tax (Perry) recommended the
    1         Senate Amendment (with title amendment)
    3         Delete lines 63 - 69
    4  and insert:
    5         (3)The tax exemptions provided in this section may apply
    6  at the option of a dealer if less than 5 percent of the dealer’s
    7  gross sales of tangible personal property in the prior calendar
    8  year consist of items that would be exempt under this section.
    9  If a qualifying dealer chooses not to participate in the tax
   10  holiday, by August 1, 2019, the dealer must notify the
   11  Department of Revenue in writing of its election to collect
   12  sales tax during the holiday and must post a copy of that notice
   13  in a conspicuous location at its place of business.
   14         (4)The Department of Revenue may, and all conditions are
   15  deemed met to, adopt emergency rules pursuant to s. 120.54(4),
   16  Florida Statutes, to implement this section.
   17         (5)For the 2018-2019 fiscal year, the sum of $237,000 in
   18  nonrecurring funds is appropriated from the General Revenue Fund
   19  to the Department of Revenue for the purpose of implementing
   20  this section. Funds remaining unexpended or unencumbered from
   21  this appropriation as of June 30, 2019, shall revert and be
   22  reappropriated for the same purpose in the 2019-2020 fiscal
   23  year.
   25  ================= T I T L E  A M E N D M E N T ================
   26  And the title is amended as follows:
   27         Delete line 8
   28  and insert:
   29         not apply; authorizing certain dealers to opt out of
   30         participating in the tax holiday, subject to certain
   31         requirements; authorizing the Department of Revenue to