Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. CS for SB 2050
       
       
       
       
       
       
                                Barcode 930074                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/13/2011           .                                
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       The Committee on Budget Subcommittee on Finance and Tax (Sachs)
       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 1769 - 1804
    4  and insert:
    5         5. Two and 1/2 percent of the gross receipts tax collected
    6  shall be paid to the Florida Thoroughbred Breeders and Owners
    7  Association, Inc., for the payment of breeders, stallion, and
    8  special racing awards, including the administrative fee
    9  authorized in s. 550.2625(3), Florida Statutes, on live
   10  thoroughbred races conducted at licensed thoroughbred pari
   11  mutuel facilities. These funds, to be governed by the board of
   12  directors of the Florida Thoroughbred Breeders and Owners
   13  Association, Inc., may provide for the rehabilitation or
   14  retirement of thoroughbred racehorses and equine research and
   15  education. These funds may not be used for any purpose related
   16  to the establishment, construction, or renovation of any racing
   17  or gaming facility.
   18         6. Five percent of the gross receipts tax collected shall
   19  be provided to the permitholders conducting live greyhound,
   20  horse racing, or jai alai games to offset purse requirements
   21  pursuant to a contractual arrangement between each permitholder
   22  and the greyhound owners, the horse owners, and the jai alai
   23  players and shall be paid to such permitholders who are licensed
   24  to conduct slot machine gaming under s. 551.104, Florida
   25  Statutes, in amounts equal to each such permitholder’s total
   26  purses paid on live racing or games divided by the total amount
   27  of purses paid by all such permitholders in the prior state
   28  fiscal year.
   29  
   30  ================= T I T L E  A M E N D M E N T ================
   31         And the title is amended as follows:
   32         Delete lines 145 - 149
   33  and insert:
   34         Transportation Disadvantaged Trust Fund, the Florida
   35         Thoroughbred Breeders and Owners Association, Inc.,
   36         and the permitholders conducting live greyhound
   37         racing, horse racing, or jai alai games; providing for
   38         the proceeds of the