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AMENDMENT NO 2 PROPOSED TO

Senate Bill No. 2310

BY: Representative Mims

     AMEND by striking Sections 1, 2 and 3 and renumbering subsequent sections accordingly and internal references to subsections.

     AMEND by striking lines 163 through 279 and inserting in lieu thereof the following:

     "(2)  Of the revenue collected monthly as a result of the tax assessed and levied under this chapter:

          (a)  (i)  Through June 30, 2007, Three Hundred Thousand Dollars ($300,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (ii)  From and after July 1, 2007, through June 30, 2008, Six Hundred Thousand Dollars ($600,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (iii)  From and after July 1, 2008, through June 30, 2009, Nine Hundred Thousand Dollars ($900,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (iv)  From and after July 1, 2009, through June 30, 2010, One Million Two Hundred Thousand Dollars ($1,200,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (v)  From and after July 1, 2010, through June 30, 2011, One Million Five Hundred Thousand Dollars ($1,500,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (vi)  From and after July 1, 2011, through June 30, 2012, One Million Eight Hundred Thousand Dollars ($1,800,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (vii)  From and after July 1, 2012, through June 30, 2013, Two Million One Hundred Thousand Dollars ($2,100,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (viii)  From and after July 1, 2013, through June 30, 2014, Two Million Four Hundred Thousand Dollars ($2,400,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (ix)  From and after July 1, 2014, through June 30, 2015, Two Million Seven Hundred Thousand Dollars ($2,700,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (x)  From and after July 1, 2015, through June 30, 2016, Three Million Dollars ($3,000,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xi)  From and after July 1, 2016, through June 30, 2017, Three Million Three Hundred Thousand Dollars ($3,300,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xii)  From and after July 1, 2017, through June 30, 2018, Three Million Six Hundred Dollars ($3,600,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xiii)  From and after July 1, 2018, through June 30, 2019, Three Million Nine Hundred Dollars ($3,900,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

              (xiv)  From and after July 1, 2019, Four Million Two Hundred Dollars ($4,200,000.00) shall be deposited by the commissioner into the Municipal Tobacco Tax Diversion Fund created under Section 5 of Senate Bill No. 2310, 2006 Regular Session.

          (b)  (i)  Through June 30, 2007, Two Hundred Sixteen Thousand Dollars ($216,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (ii)  From and after July 1, 2007, through June 30, 2008, Four Hundred Thirty-two Thousand Dollars ($432,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (iii)  From and after July 1, 2008, through June 30, 2009, Six Hundred Forty-eight Thousand Dollars ($648,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (iv)  From and after July 1, 2009, through June 30, 2010, Eight Hundred Sixty-four Thousand Dollars ($864,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (v)  From and after July 1, 2010, through June 30, 2011, One Million Eighty Thousand Dollars ($1,080,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (vi)  From and after July 1, 2011, through June 30, 2012, One Million Two Hundred Ninety-six Thousand Dollars ($1,296,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (vii)  From and after July 1, 2012, through June 30, 2013, One Million Five Hundred Twelve Thousand Dollars ($1,512,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (viii)  From and after July 1, 2013, through June 30, 2014, One Million Seven Hundred Twenty-eight Thousand Dollars ($1,728,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (ix)  From and after July 1, 2014, through June 30, 2015, One Million Nine Hundred Forty-four Thousand Dollars ($1,944,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (x)  From and after July 1, 2015, through June 30, 2016, Two Million One Hundred Sixty Thousand Dollars ($2,160,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (xi)  From and after July 1, 2016, through June 30, 2017, Two Million Three Hundred Seventy-six Thousand Dollars ($2,376,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (xii)  From and after July 1, 2017, through June 30, 2018, Two Million Five Hundred Ninety-two Thousand Dollars ($2,592,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (xiii)  From and after July 1, 2018, through June 30, 2019, Two Million Eight Hundred Eight Thousand Dollars ($2,808,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

              (ix)  From and after July 1, 2019, Three Million Twenty-four Thousand Dollars ($3,024,000.00) shall be deposited by the commissioner into the Education Enhancement Fund created under Section 37-61-33.

          (c)  (i)  Through June 30, 2007, Fifty-four Thousand Dollars ($54,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (ii)  From and after July 1, 2007, through June 30, 2008, One Hundred Eight Thousand Dollars ($108,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (iii)  From and after July 1, 2008, through June 30, 2009, One Hundred Sixty-two Thousand Dollars ($162,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (iv)  From and after July 1, 2009, through June 30, 2010, Two Hundred Sixteen Thousand Dollars ($216,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (v)  From and after July 1, 2010, through June 30, 2011, Two Hundred Seventy Thousand Dollars ($270,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (vi)  From and after July 1, 2011, through June 30, 2012, Three Hundred Twenty-four Thousand Dollars ($324,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (vii)  From and after July 1, 2012, through June 30, 2013, Three Hundred Seventy-eight Thousand Dollars ($378,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (viii)  From and after July 1, 2013, through June 30, 2014, Four Hundred Thirty-two Thousand Dollars ($432,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (ix)  From and after July 1, 2014, through June 30, 2015, Four Hundred Eighty-six Thousand Dollars ($486,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (x)  From and after July 1, 2015, through June 30, 2016, Four Hundred Forty Thousand Dollars ($540,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xi)  From and after July 1, 2016, through June 30, 2017, Five Hundred Ninety-four Thousand Dollars ($594,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xii)  From and after July 1, 2017, through June 30, 2018, Six Hundred Forty-eight Thousand Dollars ($648,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xiii)  From and after July 1, 2018, through June 30, 2019, Seven Hundred Two Thousand Dollars ($702,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35.

              (xiv)  From and after July 1, 2019, Seven Hundred Fifty-six Thousand Dollars ($756,000.00) shall be deposited by the commissioner into the School Ad Valorem Tax Reduction Fund created under Section 37-61-35."