FL H0099

Allows tax dealers to elect to forgo their sales tax collection allowance and have that amount transferred to the Educational Enhancement Trust Fund instead.

Election must be made when filing a return, continues for subsequent reporting periods in the same calendar year unless terminated by filing a return that deducts the allowance.

School districts receiving trust fund revenues must adopt resolutions committing to use funds for purchasing up-to-date classroom technology and teacher training; revenues from non-adopting districts are redistributed equally to adopting districts.

Applies to all taxes, surtaxes, and local option taxes administered by the Department of Revenue but excludes locally imposed and self-administered convention development tax, tourist development tax, and tourist impact tax.

Revenues transferred quarterly from General Revenue Fund to Educational Enhancement Trust Fund, with the Department of Revenue providing county-level data to the Department of Education.