FL H0155

Increases the state sales tax rate from 6 percent to 7 percent effective July 1, 2010, affecting sales, use, admissions, rentals, and various service transactions statewide.

Directs one-seventh of proceeds from the additional 1-percent tax increase to remain in the General Revenue Fund for public education funding, with priority given to programs reduced or eliminated in fiscal year 2009-2010; this provision expires July 1, 2013.

Decreases the sales tax rate back to 6 percent effective July 1, 2013, and removes the education funding provision from the General Revenue Fund at that time.

Updates tax brackets and calculation methods in section 212.12 to reflect the new tax rates for transactions at various price points and in counties with discretionary surtaxes.

Makes conforming cross-reference amendments to sections relating to revenue sharing, distributions to local governments, and specific facility funding provisions to account for the temporary tax rate increase and subsequent decrease.