FL H0641

Extends the exemption period for filing estate and generation-skipping transfer tax returns from estates of decedents dying after December 31, 2010 to those dying after December 31, 2012, when no state death tax credit or generation-skipping transfer credit is allowable under the Internal Revenue Code, with retroactive application to January 1, 2011.

Requires sellers (manufacturers, wholesalers, and distributors) of alcoholic beverages and tobacco products to file annual electronic information reports with the Department of Revenue for all sales to retailers in Florida.

Information reports must include seller name and license number, retailer name and license number, retailer address, item type, and net monthly sales totals, covering the July 1 through June 30 reporting period and due by July 1 annually.

Imposes penalties of $1,000 per month, up to a maximum of $10,000, for sellers failing to submit reports by the September 30 deadline; penalties may be waived if noncompliance is due to reasonable cause rather than willful negligence or fraud.

Authorizes the Department of Revenue to annually waive electronic data interchange filing requirements upon written request if technical issues with computer systems or operating procedures exist.