The Florida Senate

199.062  Annual tax information reports.--

(1)(a)  On or before June 30 of each year, all security dealers and investment advisers registered under the laws of this state shall file with the department a position statement as of December 31 of the preceding year for each customer whose mailing address is in this state or a statement that the security dealer or investment adviser does not hold securities on account for any customer whose mailing address is in this state. The position statement shall include the customer's name, address, social security number, or federal identification number; the number of units, value, and description, including the Committee on Uniform Security Identification Procedures (CUSIP) number, if any, of all securities held for the customer; and such other information as the department may reasonably require. The information required by this paragraph shall be reported by the dealer or investment adviser on magnetic media, using specifications and instructions of the department, unless the dealer or investment adviser demonstrates that an undue hardship exists.

(b)1.  The department may require security dealers and investment advisers registered in this state to transmit once every 2 years a copy of the department's intangible tax brochure to each customer whose mailing address is in this state.

2.  The department may require property appraisers to send, at such times and in such manner as the department and the property appraisers jointly determine, a copy of the department's intangible tax brochure to each owner of Florida property.

(2)  All fiduciaries shall serve the department with a copy of each inventory required to be prepared or filed in the circuit court under general law or rules adopted by the Supreme Court relating to decedent's estates, trusts, or guardianships. No such inventory required to be filed in the circuit court may be approved by the court until such copy as required by this subsection has been filed with the department. When an inventory is not required to be filed in the circuit court, the personal representative of a decedent's estate shall serve the department with a copy of one inventory as provided in s. 733.604, and all other fiduciaries shall return such information as shall be prescribed by rule of the department.

History.--s. 1, ch. 71-134; s. 5, ch. 74-237; s. 1, ch. 79-33; s. 4, ch. 81-178; s. 4, ch. 82-83; s. 1, ch. 82-227; ss. 6, 7, 14, ch. 83-267; ss. 5, 6, 14, ch. 83-311; s. 6, ch. 85-342; s. 4, ch. 86-152; s. 9, ch. 89-356; s. 5, ch. 92-320; s. 60, ch. 2002-218.