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FL H0791

Bill

Official Source

Status

Failed

5/5/2023

Primary Sponsor

Robert Brackett

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Removes the 64.4% cap on the amount of tax credit or refund a dealer can recover on sales tax paid to the Florida Department of Revenue that is attributable to bad debt from private-label credit card program purchases
  • Amends Section 212.17, Florida Statutes, which governs tax credits and refunds related to private-label credit card programs
  • Allows dealers to potentially recover up to 100% of the tax paid on bad debt from private-label credit card transactions, rather than being limited to 64.4%
  • Effective date of July 1, 2023

Legislative Description

Taxes on Purchases Made Through Private-label Credit Card Programs

Last Action

Died in Commerce Committee

5/5/2023

Committee Referrals

Commerce Committee3/27/2023
Insurance And Banking Subcommittee3/20/2023
Ways and Means Committee2/21/2023

Full Bill Text

No bill text available