Bill Text: FL S0344 | 2010 | Regular Session | Introduced

Florida Senate Bill 344 (Prior Session Legislation)

Introduced

Bill Title: Communications Services Taxes/Credit for Bad Debt [WPSC]

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-04-26 - Read 3rd time -SJ 00862; Substituted HB 281 -SJ 00862; Laid on Table, companion bill(s) passed, see HB 281 (Ch. 2010-83) -SJ 00862 [S0344 Detail]

Download: Florida-2010-S0344-Introduced.html

 
       Florida Senate - 2010                                     SB 344 
        
       By Senator Altman 
       24-00135-10                                            2010344__ 
    1                        A bill to be entitled                       
    2         An act relating to communications services taxes; 
    3         amending s. 202.29, F.S.; authorizing dealers to 
    4         report a credit for bad debt by netting the credit 
    5         against the tax due; authorizing dealers to use a 
    6         proportionate allocation method or other reasonable 
    7         method in determining the amount of bad debt 
    8         attributable to the state or local jurisdiction; 
    9         providing for retroactive operation; specifying that 
   10         the act is remedial in nature and not a basis for 
   11         certain refunds of tax; providing an effective date. 
   12   
   13  Be It Enacted by the Legislature of the State of Florida: 
   14   
   15         Section 1. Subsection (4) is added to section 202.29, 
   16  Florida Statutes, to read: 
   17         202.29 Bad debts.— 
   18         (4)(a) A dealer may report the credit for bad debt allowed 
   19  under this section by netting such credit against the tax due to 
   20  the state pursuant to s. 202.12 or to a local jurisdiction 
   21  pursuant to s. 202.19, but such netting may not reduce the 
   22  amount due to the state or to any local jurisdiction below zero. 
   23         (b) For purposes of determining the amount of bad debt that 
   24  is attributable to the state or to a local jurisdiction, a 
   25  dealer may employ a proportionate allocation method based on 
   26  current gross taxes due or another reasonable allocation method 
   27  approved by the department. 
   28         Section 2. This act shall operate retroactively to July 1, 
   29  2000; however, the retroactive operation of this act is remedial 
   30  in nature, does not create a right to a refund, and does not 
   31  require a refund by any governmental entity of any tax, penalty, 
   32  or interest remitted to the Department of Revenue before July 1, 
   33  2010. 
   34         Section 3. This act shall take effect July 1, 2010.