House Bill hb0377

    Florida House of Representatives - 2001                 HB 377

        By Representative Gardiner






  1                      A bill to be entitled

  2         An act relating to tax on sales, use, and other

  3         transactions; amending s. 212.06, F.S.;

  4         increasing the exemption from the indexed tax

  5         on manufactured asphalt that applies to

  6         manufactured asphalt used for any federal,

  7         state, or local government public works

  8         project; providing an effective date.

  9

10  Be It Enacted by the Legislature of the State of Florida:

11

12         Section 1.  Paragraph (c) of subsection (1) of section

13  212.06, Florida Statutes, is amended to read:

14         212.06  Sales, storage, use tax; collectible from

15  dealers; "dealer" defined; dealers to collect from purchasers;

16  legislative intent as to scope of tax.--

17         (1)

18         (c)1.  Notwithstanding the provisions of paragraph (b),

19  the use tax on asphalt manufactured for one's own use shall be

20  calculated with respect to paragraph (b) only upon the cost of

21  materials which become a component part or which are an

22  ingredient of the finished asphalt and upon the cost of the

23  transportation of such components and ingredients.  In

24  addition, an indexed tax of 38 cents per ton of such

25  manufactured asphalt shall be due at the same time and in the

26  same manner as taxes due pursuant to paragraph (b). Beginning

27  July 1, 1989, the indexed tax shall be adjusted each July 1 to

28  an amount, rounded to the nearest cent, equal to the product

29  of 38 cents multiplied by a fraction, the numerator of which

30  is the annual average of the "materials and components for

31  construction" series of the producer price index, as

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CODING: Words stricken are deletions; words underlined are additions.






    Florida House of Representatives - 2001                 HB 377

    762-100-01






  1  calculated and published by the United States Department of

  2  Labor, Bureau of Statistics, for the previous calendar year,

  3  and the denominator of which is the annual average of said

  4  series for calendar year 1988.

  5         2.a.  Beginning July 1, 1999, the indexed tax imposed

  6  by this paragraph on manufactured asphalt which is used for

  7  any federal, state, or local government public works project

  8  shall be reduced by 20 percent.

  9         b.  Beginning July 1, 2000, the indexed tax imposed by

10  this paragraph on manufactured asphalt which is used for any

11  federal, state, or local government public works project shall

12  be reduced by 40 percent.

13         c.  Beginning July 1, 2001, the indexed tax imposed by

14  this paragraph on manufactured asphalt which is used for any

15  federal, state, or local government public works project shall

16  be reduced by 60 percent.

17         Section 2.  This act shall take effect July 1, 2001.

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19            *****************************************

20                          HOUSE SUMMARY

21
      Increases from 40 to 60 percent the amount by which the
22    indexed tax on manufactured asphalt used for any federal,
      state, or local government public works project is
23    reduced.

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CODING: Words stricken are deletions; words underlined are additions.