FL S0378

Reduces communications services tax rate from 4.92% to 2.92% and direct-to-home satellite service tax rate from 9.07% to 7.07%, effective July 1, 2017.

Adjusts combined tax collection rate for communications services from 5.07% to 3.07% and modifies allocation of direct-to-home satellite tax proceeds to the state from 55.9% to 43.4%.

Requires communications services dealers unable to implement rate reductions by July 1, 2017 to begin collecting new rates by October 1, 2017 and credit customers for any overpayment by March 1, 2018.

Eliminates the 15% insurance premium tax credit based on salaries paid to Florida employees, effective for premiums received after December 31, 2016.

Authorizes Department of Revenue executive director to adopt emergency rules for implementing the tax rate changes, with emergency rules expiring July 1, 2020.