Bill Text: FL S0698 | 2012 | Regular Session | Comm Sub
Bill Title: Public Retirement Plans
Spectrum:
Status: (Failed) 2012-03-09 - Died in Budget Subcommittee on Finance and Tax [S0698 Detail]
Download: Florida-2012-S0698-Comm_Sub.html
Florida Senate - 2012 CS for SB 698 By the Committee on Community Affairs; and Senators Wise and Gibson 578-01847-12 2012698c1 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 applicability 4 of ch. 185, F.S., to certain consolidated governments; 5 providing that a consolidated government that has 6 entered into an interlocal agreement to provide police 7 protection services to a municipality within its 8 boundaries is eligible to receive the premium taxes 9 reported for the municipality under certain 10 circumstances; authorizing the municipality receiving 11 the police protection services to enact an ordinance 12 levying the tax as provided by law; providing an 13 effective date. 14 15 Be It Enacted by the Legislature of the State of Florida: 16 17 Section 1. Subsection (2) of section 185.03, Florida 18 Statutes, is amended to read: 19 185.03 Municipal police officers’ retirement trust funds; 20 creation; applicability of provisions; participation by public 21 safety officers.—For any municipality, chapter plan, local law 22 municipality, or local law plan under this chapter: 23 (2)(a)The provisions ofThis chapter appliesshall apply24 only to municipalities organized and established pursuant to the 25 laws of the state,and doessaid provisions shallnot apply to 26 the unincorporated areas of any county or counties ornor shall27the provisions hereof applyto any governmental entity whose 28 police officers are eligible to participate in the Florida 29 Retirement System. 30 (b) With respect to the distribution of premium taxes, a 31 single consolidated government consisting of a former county and 32 one or more municipalities, consolidated pursuant to s. 3 or s. 33 6(e), Art. VIII of the State Constitution, is also eligible to 34 participate under this chapter. The consolidated government 35 shall notify the division when it has entered into an interlocal 36 agreement to provide police services to a municipality within 37 its boundaries. The municipality may enact an ordinance levying 38 the tax as provided in s. 185.08. Upon being provided copies of 39 the interlocal agreement and the municipal ordinance levying the 40 tax, the division may distribute any premium taxes reported for 41 the municipality to the consolidated government as long as the 42 interlocal agreement is in effect. 43 Section 2. Subsection (1) of section 185.08, Florida 44 Statutes, is amended to read: 45 185.08 State excise tax on casualty insurance premiums 46 authorized; procedure.—For any municipality, chapter plan, local 47 law municipality, or local law plan under this chapter: 48 (1)(a) Each incorporated municipality in this state 49 described and classified in s. 185.03, as well as each other 50 city or town of this state which on July 31, 1953, had a 51 lawfully established municipal police officers’ retirement trust 52 fund or city fund, by whatever name known, providing pension or 53 relief benefits to police officers as provided under this 54 chapter, may assess and impose on every insurance company, 55 corporation, or other insurer now engaged in or carrying on, or 56 who shall hereafter engage in or carry on, the business of 57 casualty insurance as shown by records of the Office of 58 Insurance Regulation of the Financial Services Commission, an 59 excise tax in addition to any lawful license or excise tax now 60 levied by each of thesaidmunicipalities, respectively, 61 amounting to .85 percent of the gross amount of receipts of 62 premiums from policyholders on all premiums collected on 63 casualty insurance policies covering property within the 64 corporate limits of such municipalities, respectively. 65 (b) With respect to the distribution of premium taxes, a 66 single consolidated government consisting of a former county and 67 one or more municipalities, consolidated pursuant to s. 3 or s. 68 6(e), Art. VIII of the State Constitution, is also eligible to 69 participate under this chapter. The consolidated government 70 shall notify the division when it has entered into an interlocal 71 agreement to provide police services to a municipality within 72 its boundaries. The municipality may enact an ordinance levying 73 the tax as provided in this section. Upon being provided copies 74 of the interlocal agreement and the municipal ordinance levying 75 the tax, the division may distribute any premium taxes reported 76 for the municipality to the consolidated government as long as 77 the interlocal agreement is in effect. 78 Section 3. This act shall take effect July 1, 2012.