Florida Senate - 2005                      COMMITTEE AMENDMENT
    Bill No. SPB 7042
                        Barcode 131834
                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Regulated Industries (Hill) recommended the
12  following amendment:
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14         Senate Amendment (with title amendment) 
15         On page 2, lines 13 through 30...., delete those lines
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17  and insert:  
18         210.08  Bond for payment of taxes.--Each dealer, agent,
19  or distributing agent shall file with the division a surety
20  bond, certificate of deposit, or irrevocable letter of credit
21  acceptable to the division in an amount of 110 percent of the
22  estimated tax liability for 30 days, but not less than $2,000
23  the sum of $10,000 as surety for the payment of all taxes
24  provided, however, that where in the discretion of the
25  division the amount of business done by the dealer, agent, or
26  distributing agent is of such volume that a bond, certificate
27  of deposit, or irrevocable letter of credit of less than
28  $10,000 will be adequate to secure the payment of all taxes
29  assessed as authorized by the cigarette tax law, the division
30  may accept a bond, certificate of deposit, or irrevocable
31  letter of credit in a lesser sum than $10,000, but in no event
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    11:33 AM   02/07/05                             s7042.ri01.001


    Florida Senate - 2005                      COMMITTEE AMENDMENT
    Bill No. SPB 7042
                        Barcode 131834
 1  shall it accept a bond, certificate of deposit, or irrevocable
 2  letter of credit of less than $1,000, and it may at any time
 3  in its discretion require any bond, certificate of deposit, or
 4  irrevocable letter of credit in an amount less than $10,000 to
 5  be increased not to exceed $10,000.
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 8  ================ T I T L E   A M E N D M E N T ===============
 9  And the title is amended as follows:
10         On page 1, liness 12-15, delete those lines
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12  and insert:
13         s. 210.08, F.S.; requiring a bond, certificate
14         of deposit, or irrevocable letter of credit in
15         an amount of 110 percent of the estimated tax
16         liability for 30 days as surety for the payment
17         of cigarette
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    11:33 AM   02/07/05                             s7042.ri01.001