Florida Senate - 2018                          SENATOR AMENDMENT
       Bill No. CS/HB 7087, 1st Eng.
       
       
       
       
       
       
                                Ì737022tÎ737022                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/3R          .                                
             03/09/2018 01:35 PM       .                                
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       Senator Brandes moved the following:
       
    1         Senate Amendment to Amendment (844462) (with title
    2  amendment)
    3  
    4         Between lines 2221 and 2222
    5  insert:
    6         Section 52. Effective January 1, 2019, subsection (3) of
    7  section 626.932, Florida Statutes, is amended to read:
    8         626.932 Surplus lines tax.—
    9         (3) If a surplus lines policy covers risks or exposures
   10  only partially in this state and the state is the home state as
   11  defined in the federal Nonadmitted and Reinsurance Reform Act of
   12  2010 (NRRA), the tax payable must shall be computed on the gross
   13  premium. The surplus lines policy must be taxed at 5 percent of
   14  all gross premiums charged for such insurance unless the
   15  policyholder elects to be taxed at The tax must not exceed the
   16  tax rate where the risk or exposure is located.
   17  
   18  ================= T I T L E  A M E N D M E N T ================
   19  And the title is amended as follows:
   20         Delete line 2884
   21  and insert:
   22         granted; amending s. 626.932, F.S.; specifying the
   23         determination of the surplus lines tax on certain
   24         surplus lines policies covering risks or exposures
   25         only partially in this state; amending s. 718.111,
   26         F.S.; revising