Florida Senate - 2009                                     SB 334
       
       
       
       By Senator Wilson
       
       
       
       
       33-00043-09                                            2009334__
    1                        A bill to be entitled                      
    2         An act relating to the State Housing Trust Fund;
    3         amending s. 201.15, F.S.; revising provisions
    4         governing the distribution of a portion of the
    5         proceeds of the excise tax on documents to the State
    6         Housing Trust Fund; providing for the annual
    7         appropriation of a portion of the taxes distributed to
    8         the State Housing Trust Fund for specified uses
    9         conforming to the purposes for which the fund was
   10         created; providing an effective date.
   11         
   12  Be It Enacted by the Legislature of the State of Florida:
   13         
   14         Section 1. Subsections (9) and (10) of section 201.15,
   15  Florida Statutes, are amended to read:
   16         201.15 Distribution of taxes collected.—All taxes collected
   17  under this chapter are subject to the service charge imposed in
   18  s. 215.20(1). Prior to distribution under this section, the
   19  Department of Revenue shall deduct amounts necessary to pay the
   20  costs of the collection and enforcement of the tax levied by
   21  this chapter. Such costs and the service charge may not be
   22  levied against any portion of taxes pledged to debt service on
   23  bonds to the extent that the costs and service charge are
   24  required to pay any amounts relating to the bonds. All taxes
   25  remaining after deduction of costs and the service charge shall
   26  be distributed as follows:
   27         (9) Seven and fifty-three hundredths The lesser of 7.53
   28  percent of the remaining taxes collected under this chapter or
   29  $107 million in each fiscal year shall be paid into the State
   30  Treasury to the credit of the State Housing Trust Fund and shall
   31  be used as follows:
   32         (a) Half of that amount shall be used for the purposes for
   33  which the State Housing Trust Fund was created and exists by
   34  law.
   35         (b) Half of that amount shall be paid into the State
   36  Treasury to the credit of the Local Government Housing Trust
   37  Fund and shall be used for the purposes for which the Local
   38  Government Housing Trust Fund was created and exists by law.
   39         (10) Eight and sixty-six hundredths The lesser of 8.66
   40  percent of the remaining taxes collected under this chapter or
   41  $136 million in each fiscal year shall be paid into the State
   42  Treasury to the credit of the State Housing Trust Fund and shall
   43  be used as follows:
   44         (a) Twelve and one-half percent of that amount shall be
   45  deposited into the State Housing Trust Fund and be expended by
   46  the Department of Community Affairs and by the Florida Housing
   47  Finance Corporation for the purposes for which the State Housing
   48  Trust Fund was created and exists by law.
   49         (b) Eighty-seven and one-half percent of that amount shall
   50  be distributed to the Local Government Housing Trust Fund and
   51  shall be used for the purposes for which the Local Government
   52  Housing Trust Fund was created and exists by law. Funds from
   53  this category may also be used to provide for state and local
   54  services to assist the homeless.
   55         Section 2. The Legislature shall annually appropriate at
   56  least 90 percent of the tax proceeds distributed to the State
   57  Housing Trust Fund for the purpose of providing affordable
   58  housing units and other purposes for which the State Housing
   59  Trust Fund was created.
   60         Section 3. This act shall take effect July 1, 2009.