Bill Text: FL S0388 | 2014 | Regular Session | Introduced
Bill Title: Public Retirement Plans
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-04-28 - Laid on Table, companion bill(s) passed, see HB 117 (Ch. 2014-28) [S0388 Detail]
Download: Florida-2014-S0388-Introduced.html
Florida Senate - 2014 SB 388 By Senator Bean 4-00352A-14 2014388__ 1 A bill to be entitled 2 An act relating to public retirement plans; amending 3 ss. 185.03 and 185.08, F.S.; specifying the 4 applicability of ch. 185, F.S., to certain 5 consolidated governments; providing that a 6 consolidated government that has entered into an 7 interlocal agreement to provide police protection 8 services to a municipality within its boundaries is 9 eligible to receive the premium taxes reported for the 10 municipality under certain circumstances; authorizing 11 the municipality receiving the police protection 12 services to enact an ordinance levying the tax as 13 provided by law; including certain consolidated 14 governments under provisions authorizing imposition of 15 a state excise tax on casualty insurance premiums 16 covering certain property; providing an effective 17 date. 18 19 Be It Enacted by the Legislature of the State of Florida: 20 21 Section 1. Subsection (2) of section 185.03, Florida 22 Statutes, is amended to read: 23 185.03 Municipal police officers’ retirement trust funds; 24 creation; applicability of provisions; participation by public 25 safety officers.—For any municipality, chapter plan, local law 26 municipality, or local law plan under this chapter: 27 (2)(a)The provisions ofThis chapter appliesshall apply28 only to municipalities organized and established pursuant to the 29 laws of the state,and doessaid provisions shallnot apply to 30 the unincorporated areas of aanycounty orcounties nor shall31the provisions hereof applyto aanygovernmental entity whose 32 police officers are eligible to participate in the Florida 33 Retirement System. 34 (b) With respect to the distribution of premium taxes, a 35 single consolidated government consisting of a former county and 36 one or more municipalities, consolidated pursuant to s. 3 or s. 37 6(e), Art. VIII of the State Constitution, is also eligible to 38 participate under this chapter. The consolidated government 39 shall notify the division when it has entered into an interlocal 40 agreement to provide police services to a municipality within 41 its boundaries. The municipality may enact an ordinance levying 42 the tax as provided in s. 185.08. Upon being provided copies of 43 the interlocal agreement and the municipal ordinance levying the 44 tax, the division may distribute any premium taxes reported for 45 the municipality to the consolidated government as long as the 46 interlocal agreement is in effect. 47 Section 2. Subsection (1) of section 185.08, Florida 48 Statutes, is amended to read: 49 185.08 State excise tax on casualty insurance premiums 50 authorized; procedure.—For any municipality, chapter plan, local 51 law municipality, or local law plan under this chapter: 52 (1)(a) Each incorporated municipality in this state 53 described and classified in s. 185.03, as well as each other 54 city or town of this state which on July 31, 1953, had a 55 lawfully established municipal police officers’ retirement trust 56 fund or city fund, by whatever name known, providing pension or 57 relief benefits to police officers as provided under this 58 chapter, may assess and impose on every insurance company, 59 corporation, or other insurer now engaged in or carrying on, or 60 who shall hereafter engage in or carry on, the business of 61 casualty insurance as shown by records of the Office of 62 Insurance Regulation of the Financial Services Commission, an 63 excise tax in addition to any lawful license or excise tax now 64 levied by each of thesaidmunicipalities, respectively, 65 amounting to .85 percent of the gross amount of receipts of 66 premiums from policyholders on all premiums collected on 67 casualty insurance policies covering property within the 68 corporate limits of such municipalities, respectively. 69 (b) This section applies to a municipality consisting of a 70 single consolidated government consisting of a former county and 71 one or more municipalities, consolidated pursuant to s. 3 or s. 72 6(e), Art. VIII of the State Constitution, and to casualty 73 insurance policies covering property within the boundaries of 74 the consolidated government, regardless of whether the 75 properties are located within one or more separately 76 incorporated areas within the consolidated government, and 77 provided the properties are being provided with police 78 protection services by the consolidated government. 79 Section 3. This act shall take effect July 1, 2014.