Senate Bill sb2122

    Florida Senate - 2005                                  SB 2122

    By Senator Campbell





    32-1343-05

  1                      A bill to be entitled

  2         An act relating to a tax on the revenues from

  3         slot machines; imposing a tax on the revenues

  4         from slot machines located in certain

  5         pari-mutuel facilities that conduct

  6         slot-machine gaming as authorized by s. 23,

  7         Art. X of the State Constitution; requiring

  8         that the proceeds of the tax be remitted to the

  9         Division of Pari-mutuel Wagering; requiring the

10         Department of Revenue to adopt rules; providing

11         penalties for failure to remit the tax;

12         authorizing the Department of Revenue or the

13         Division of Pari-mutuel Wagering to enforce the

14         act; requiring that the proceeds of the tax be

15         deposited into the State School Trust Fund and

16         used solely for the purpose of funding public

17         education in the state; providing an effective

18         date.

19  

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

21  

22         Section 1.  Tax on the revenue from slot-machine

23  gaming.--

24         (1)  Each licensed pari-mutuel facility that conducts

25  slot-machine gaming as provided under Section 23 of Article X

26  of the State Constitution shall pay to the state a tax of 30

27  percent of all revenues from the operation of slot machines

28  which shall be used solely for the purpose of funding public

29  education in this state.

30         (2)  A pari-mutuel facility conducting slot-machine

31  gaming shall remit the tax to the Division of Pari-mutuel

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






    Florida Senate - 2005                                  SB 2122
    32-1343-05




 1  Wagering at the time and in the manner provided for persons

 2  who collect and remit taxes under chapter 550, Florida

 3  Statutes. The Department of Revenue, in consultation with the

 4  Division of Pari-mutuel Wagering, shall adopt by rule forms

 5  and procedures for collecting and auditing the tax proceeds

 6  remitted under this section. A pari-mutuel facility that fails

 7  to remit the tax in the time and manner required is subject to

 8  the penalties provided under section 550.0951, Florida

 9  Statutes. The Department of Revenue or the Division of

10  Pari-mutuel Wagering may enforce this section.

11         (3)  The funds collected under this section shall be

12  deposited into the State School Trust Fund and shall be

13  distributed to the school districts annually through the

14  General Appropriations Act.

15         Section 2.  This act shall take effect July 1, 2006.

16  

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18                          SENATE SUMMARY

19    Imposes a 30-percent tax on revenue from slot machines
      located in pari-mutuel facilities that conduct gaming
20    authorized by s. 23, Art. X of the State Constitution.
      Requires that the proceeds of the tax be deposited into
21    the State School Trust Fund and used solely for the
      purpose of funding public education. Provides penalties
22    for failure to remit the tax. Authorizes the Department
      of Revenue or the Division of Pari-mutuel Wagering to
23    enforce collection of the tax.

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