Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. SB 2050
       
       
       
       
       
       
                                Barcode 634128                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/05/2011           .                                
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       The Committee on Commerce and Tourism (Lynn) recommended the
       following:
       
    1         Senate Amendment to Amendment (609550) (with title
    2  amendment)
    3  
    4         Delete lines 1507 - 1517
    5  and insert:
    6         1. Eighty-seven and 1/2 percent shall be deposited into the
    7  General Revenue Fund.
    8         2. Two and 1/2 percent shall be deposited into the Tourism
    9  Promotional Trust Fund for use by the Florida Commission on
   10  Tourism.
   11         3. One and 1/4 percent shall be deposited into the
   12  Employment Security Administration Trust Fund for the benefit of
   13  the school readiness program.
   14         4. One and 1/4 percent shall be deposited into the
   15  Transportation Disadvantaged Trust Fund for use by the
   16  Commission for the Transportation Disadvantaged.
   17         5. Two and 1/2 percent of the gross receipts tax collected
   18  shall be paid to the thoroughbred permitholders who are licensed
   19  to conduct slot machines pursuant to s. 551.104, in amounts
   20  equal to each permitholder's racing dates operated in 2011
   21  divided by the total number of racing dates operated by all
   22  thoroughbred permitholders. These funds shall be utilized to
   23  offset the statutory mandated purses under s. 551.104(10). Two
   24  and 1/2 percent of the gross receipts tax collected shall be
   25  paid to the Florida Thoroughbred Breeders and Owners
   26  Association, Inc., for the payment of breeders, stallion and
   27  special racing awards, including the administrative fee
   28  authorized in s. 550.2625(3), on live thoroughbred races
   29  conducted at licensed thoroughbred pari-mutuel facilities. These
   30  funds, to be governed by the Florida Thoroughbred Breeders and
   31  Owners Association, Inc., Board of Directors, may provide for,
   32  but not be limited to, use for capital expenditures that will
   33  drive economic growth and continue to provide jobs for the
   34  Ocala/Marion County area and for Florida's thoroughbred
   35  industry, including the rehabilitation or retirement of
   36  thoroughbred racehorses, equine research, education, and civic
   37  and industry­related service organizations and charities, while
   38  continuing the preservation of over 100,000 acres in production
   39  for thoroughbred breeding, training and other equine activities.
   40  The amounts provided therein shall be remitted monthly.
   41         6. Two and 1/2 percent of the gross receipts tax collected
   42  shall be provided to the permitholders conducting live greyhound
   43  or harness racing or jai alai games to offset purse requirements
   44  pursuant to a contractual arrangement between each permitholder
   45  and the greyhound owners, the standardbred owners, and the jai
   46  alai players and shall be paid to such permitholders who are
   47  licensed to conduct slot machines pursuant to s. 551.104, in
   48  amounts equal to each such permitholder's total purses paid on
   49  live racing or games divided by the total amount of purses paid
   50  by all such permitholders.
   51  
   52  ================= T I T L E  A M E N D M E N T ================
   53         And the title is amended as follows:
   54         Delete lines 2266 - 2267
   55  and insert:
   56         Employment Security Administration Trust Fund, the
   57         Transportation Disadvantaged Trust Fund, thoroughbred
   58         permitholders, the Florida Thoroughbred Breeders and
   59         Owners Association, and the permitholders licensed to
   60         conduct live greyhound races, harness races, or jai
   61         alai licensees; providing for