Committee/Subcommittee Amendment No. 1 to PCS for CS/HB 677 (2023)

Summary

Amendment No. 1 to PCS for CS/HB 677 (2023), offered by Representative Tant in the Commerce Committee, with a publication stamp of 4/7/2023. The amendment removes everything after the enacting clause and inserts a section amending section 212.12, Florida Statutes, which covers the dealer's credit for collecting tax. It includes a provision for a seller with an annual revenue of $1 million or less who files and pays only by electronic means, and a second section stating that the act takes effect October 1, 2023. The title amendment describes an act relating to credits for tax remittance by electronic means and increasing the allowance for taxes remitted to the Department of Revenue under certain circumstances.

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Full text

                                          COMMITTEE/SUBCOMMITTEE AMENDMENT
                                        Bill No. PCS for CS/HB 677     (2023)
       Amendment No. 1




            COMMITTEE/SUBCOMMITTEE ACTION
       ADOPTED                          (Y/N)
       ADOPTED AS AMENDED               (Y/N)
       ADOPTED W/O OBJECTION            (Y/N)
       FAILED TO ADOPT                  (Y/N)
       WITHDRAWN                        (Y/N)
       OTHER


 1     Committee/Subcommittee hearing bill:       Commerce Committee
 2     Representative Tant offered the following:
 3
 4          Amendment (with title amendment)
 5          Remove everything after the enacting clause and insert:
 6          Section 1.    Paragraph (a) of subsection (1) of section
 7     212.12, Florida Statutes, is amended to read:
 8          212.12   Dealer's credit for collecting tax; penalties for
 9     noncompliance; powers of Department of Revenue in dealing with
10     delinquents; rounding; records required.—
11          (1)(a)1.     Except as provided in subparagraph 2., and
12     notwithstanding any other law and for the purpose of
13     compensating persons granting licenses for and the lessors of
14     real and personal property taxed hereunder, for the purpose of
15     compensating dealers in tangible personal property, for the
16     purpose of compensating dealers providing communication services
     PCS for CSHB 677 Strike1
      Published On: 4/7/2023 7:22:41 PM
                                    Page 1 of 3
                                          COMMITTEE/SUBCOMMITTEE AMENDMENT
                                      Bill No. PCS for CS/HB 677    (2023)
       Amendment No. 1


17     and taxable services, for the purpose of compensating owners of
18     places where admissions are collected, and for the purpose of
19     compensating remitters of any taxes or fees reported on the same
20     documents utilized for the sales and use tax, as compensation
21     for the keeping of prescribed records, filing timely tax
22     returns, and the proper accounting and remitting of taxes by
23     them, such seller, person, lessor, dealer, owner, or and
24     remitter who files the return required pursuant to s. 212.11
25     only by electronic means and who pays the amount due on such
26     return only by electronic means shall be allowed 2.5 percent of
27     the amount of the tax due, accounted for, and remitted to the
28     department in the form of a deduction. However, if the amount of
29     the tax due and remitted to the department by electronic means
30     for the reporting period exceeds $1,200, an allowance is not
31     allowed for all amounts in excess of $1,200. For purposes of
32     this paragraph, the term "electronic means" has the same meaning
33     as provided in s. 213.755(2)(c).
34          2.   Notwithstanding subparagraph 1., any seller, person,
35     lessor, dealer, owner, or remitter described in subpara graph 1.
36     who has an annual revenue of $1 million or less, who files the
37     return required pursuant to s. 212.11 only by electronic means,
38     and who pays the amount due on such return only by electronic
39     means shall be allowed the entire amount of the tax due,
40     accounted for, and remitted to the department in the form of a
41     deduction. However, if the amount of the tax due and remitted to
     PCS for CSHB 677 Strike1
      Published On: 4/7/2023 7:22:41 PM
                                  Page 2 of 3
                                           COMMITTEE/SUBCOMMITTEE AMENDMENT
                                         Bill No. PCS for CS/HB 677    (2023)
       Amendment No. 1


42     the department by electronic means for the reporting period
43     exceeds $2,400, an allowance is not allowed for all amounts in
44     excess of $2,400.
45          Section 2.     This act shall take effect October 1, 2023.
46
47             -----------------------------------------------------
48                          T I T L E   A M E N D M E N T
49          Remove everything before the enacting clause and insert:
50                              A bill to be entitled
51     An act relating to credits for tax remittance by electronic
52     means; amending s. 212.12, F.S.; increasing the allowance
53     authorized for the amounts of taxes due, accounted for, and
54     remitted to the Department of Revenue under certain
55     circumstances; providing exceptions; providing an effective
56     date.




     PCS for CSHB 677 Strike1
      Published On: 4/7/2023 7:22:41 PM
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