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FL S0510
Bill
AI Summary
- Imposes an excise tax of $0.001 (one one-thousandth of a dollar) per gallon on water extracted from Florida state waters for commercial or industrial use
- Exempts public water supply utilities, agricultural use (maintenance of land, crops, or livestock), and water used for restroom, sanitation, or kitchen facilities from the tax
- Requires extractors to file monthly returns with the Department of Revenue by the 25th of each month, detailing total water extracted, source, county of extraction, and facility locations
- Deposits all tax proceeds into the Water Protection and Sustainability Program Trust Fund, earmarked for geological surveys monitoring water health and saltwater intrusion prevention and management
- Establishes enforcement mechanisms including 12% annual interest on unpaid taxes, delinquency penalties up to 50% of tax due, a 10-cent-per-gallon penalty for substantial underpayment (exceeding 35% of total monthly tax due), and criminal penalties including first-degree misdemeanor for willful violations and third-degree felony for willful failure to remit withheld taxes
Legislative Description
Excise Tax on Water Extracted for Commercial or Industrial Use
Last Action
Died in Environment and Natural Resources
3/8/2024
Full Bill Text
No bill text available