FL S0118

Allows businesses to register with the Department of Revenue to solicit and collect voluntary contributions from customers for construction and maintenance of public education facilities through point-of-sale transactions or monthly invoices

Requires participating businesses to file monthly returns by the 20th day of each month and remit collected contributions to the Department of Revenue, which deposits funds into the Public Education Capital Outlay and Debt Service Trust Fund

Contributions become state funds at the moment of collection and are not considered receipts of the participating business

Participating businesses may deduct 2.5% of the first $1,200 in voluntary contributions per return (maximum $30 per return) to cover administrative costs of record-keeping and filing

Appropriates $59,421 in recurring funds and $136,065 in nonrecurring funds from General Revenue to the Department of Revenue for implementation, with an effective date of January 1, 2016