Bill Amendment: FL S0008 | 2017 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Gaming

Status: 2017-05-02 - Withdrawn from further consideration [S0008 Detail]

Download: Florida-2017-S0008-Senate_Floor_Amendment_397210.html

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       Florida Senate - 2017                          SENATOR AMENDMENT
       Bill No. CS for SB 8
       
       
       
       
       
       
                                Ì397210sÎ397210                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       Senators Galvano, Thurston, and Farmer moved the following:
                                                                       
    1         Senate Amendment 
    2  
    3         Delete lines 3352 - 3370
    4  and insert:
    5         (a)1. The tax rate on slot machine revenues at each
    6  facility is shall be 35 percent. Effective January 1, 2018, the
    7  tax rate on slot machine revenues at each facility is 30
    8  percent. Effective July 1, 2019, the tax rate on slot machine
    9  revenues at each facility is 25 percent.
   10         2.a. If, during any state fiscal year, the aggregate amount
   11  of tax paid to the state by all slot machine licensees in
   12  Broward and Miami-Dade Counties which were licensed before
   13  January 1, 2017, is less than the aggregate amount of tax paid
   14  to the state by all slot machine licensees in those counties
   15  that were licensed before January 1, 2017, in the 2017-2018
   16  2008-2009 fiscal year, each slot machine licensee that was
   17  licensed before January 1, 2017, shall pay to the state within
   18  45 days after the end of the state fiscal year a surcharge equal
   19  to its pro rata share of an amount equal to the difference
   20  between the aggregate amount of tax paid to the state by all
   21  slot machine licensees in the 2008-2009 fiscal year and the
   22  amount of tax paid during the fiscal year.
   23         b. The amount of the surcharge to be paid by each such
   24  licensee shall be calculated by dividing the aggregate amount of
   25  slot machine taxes paid to the state by all such slot machine
   26  licensees in the 2017-2018 fiscal year by the aggregate amount
   27  of slot machine taxes paid by all such licensees during the
   28  applicable state fiscal year, multiplying the result by the
   29  amount of slot machine taxes paid by the licensee during the
   30  applicable state fiscal year, and then subtracting from that
   31  product the amount of slot machine taxes paid by the licensee
   32  during the applicable state fiscal year. However, the sum of the
   33  taxes paid by a licensee pursuant to subparagraph 1. and any
   34  surcharge due from the licensee may not exceed 35 percent of the
   35  slot machine revenue of that licensee in the applicable state
   36  fiscal year. Each licensee’s pro rata share