Bill Amendment: FL S1652 | 2016 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: Discretionary Sales Surtaxes

Status: 2016-03-08 - Laid on Table, companion bill(s) passed, see CS/HB 1297 (Ch. 2016-146) [S1652 Detail]

Download: Florida-2016-S1652-Senate_Committee_Amendment_324298.html

---

       Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1652
       
       
       
       
       
       
                                Ì324298MÎ324298                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                                       .                                
                                       .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Finance and Tax (Flores) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 121 - 125
    4  and insert:
    5         (d) A pension liability surtax imposed pursuant to this
    6  subsection shall terminate on December 31 of the year in which
    7  the actuarial funding level is expected to reach or exceed 100
    8  percent for the defined benefit retirement plan or system for
    9  which the surtax was levied or December 31, 2060, whichever
   10  occurs first. The most recent actuarial report submitted to the
   11  Department of Management Services pursuant to s. 112.63 must be
   12  used to establish the level of actuarial funding.