HB 0999

1	A bill to be entitled
2	An act relating to the tax on sales, use, and other
3	transactions; amending s. 212.08, F.S.; providing that a
4	publicly owned facility meeting certain criteria at which
5	a collegiate football team is based may use those
6	proceeds for the purpose of renovating the facility;
7	providing for reporting of sales to the Department of
8	Revenue; providing an effective date.
9
10	Be It Enacted by the Legislature of the State of Florida:
11
12	Section 1.  Paragraph (r) is added to subsection (5) of
13	section 212.08, Florida Statutes, to read:
14	212.08  Sales, rental, use, consumption, distribution, and
15	storage tax; specified exemptions.--The sale at retail, the
16	rental, the use, the consumption, the distribution, and the
17	storage to be used or consumed in this state of the following
18	are hereby specifically exempt from the tax imposed by this
19	chapter.
20	(5)  EXEMPTIONS; ACCOUNT OF USE.--
21	(r)1.  Publicly owned football facility at which a
22	collegiate football team is based.--Any publicly owned football
23	facility within a municipality that has been declared in a state
24	of financial emergency within the preceding 6 years pursuant to
25	s. 218.503, that has had a financial emergencies board
26	established, regardless of whether the board is currently in
27	existence, and at which the football team of a private or public
28	university or college is based may retain the proceeds of sales
29	taxes generated by the facility, its concessionaires, ticket
30	sales, merchandising, ticket surcharges imposed by the local
31	government, charges for services, and rental of the facility and
32	may use these tax proceeds for the purpose of renovating and
33	modernizing the facility. For purposes of this paragraph, the
34	term "sales taxes generated by the facility" means taxes on
35	ticket sales for events located at the facility, ticket
36	surcharges imposed by the local government for events held at
37	the facility, merchandise sales and concession sales on the
38	premises of the facility, charges for services at the facility,
39	and rental of the facility.
40	2.  Concessionaires, merchandisers, and other persons
41	collecting tax at the facility shall report the sales to the
42	department, but shall remit the tax directly to the facility, in
43	a manner prescribed by rules adopted by the department.
44	Section 2.  This act shall take effect July 1, 2004.

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