The purpose of the proposed amendments to Rule 12B-8.003, F.A.C. (Tax Statement; Overpayments), is to adopt, by reference, changes to forms used by the Department in the administration of the insurance premium tax.

 

DEPARTMENT OF REVENUE
Miscellaneous Tax

RULE NO: RULE TITLE
12B-8.003: Tax Statement; Overpayments
PURPOSE AND EFFECT: The purpose of the proposed amendments to Rule 12B-8.003, F.A.C. (Tax Statement; Overpayments), is to adopt, by reference, changes to forms used by the Department in the administration of the insurance premium tax.
SUMMARY: The proposed amendments to Rule 12B-8.003, F.A.C. (Tax Statement; Overpayments), adopt, by reference, changes to forms used by the Department in the administration of the insurance premium tax.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 213.06(1) FS.
LAW IMPLEMENTED: 213.05, 213.37, 624.5092, 624.511, 624.518 FS.
A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: October 15, 2007, 10:00 a.m.
PLACE: Room 118, Carlton Building, 501 South Calhoun Street, Tallahassee, Florida
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Jamie Peate, Operations Analyst, Technical Assistance and Dispute Resolution, Department of Revenue, P.O. Box 7443, Tallahassee, Florida 32314-7443; telephone [phone]

THE FULL TEXT OF THE PROPOSED RULE IS:

 

12B‑8.003 Tax Statement; Overpayments.

(1) Tax returns and reports shall be made by insurers on forms prescribed by the Department. These forms are hereby incorporated by reference in this rule.

(2) through (4) No change.

              Form Number              Title              Effective Date

              (5)(a) DR-907              Florida Insurance

                            Premium Installment

                            Payment (R. 01/08

                            01/07)              ____ 04/07

              (b) DR-907N              Information for Filing

                            Insurance Premium

                            Installment Payment

                            (Form DR-907)

                            (R. 01/08 01/07)              ____ 04/07

              (6)(a) DR-908              Insurance Premium

                            Taxes and Fees Return for

                            Calendar Year 2007 2006

                            (R. 01/08 01/07)              ____ 4/07

              (b) DR-908N              Instructions for Preparing

                            Form DR-908 Florida

                            Insurance Premium Taxes

                            and Fees Return

                            (R. 01/08 01/07)              ____ 04/07

              (7) DR-350900              2007 2006 Insurance

                            Premium Tax Information

                            for Schedules XII and

                            XIII, DR-908

                            (R. 01/08 01/07)              ____ 04/07

Specific Authority 213.06(1) FS. Law Implemented 213.05, 213.37, 624.5092, 624.511, 624.518 FS. History–New 2‑3‑80, Formerly 12B‑8.03, Amended 3‑25‑90, 3‑10‑91, 2‑18‑93, 6‑16‑94, 12‑9‑97, 3‑23‑98, 7‑1‑99, 10-15-01, 8-1-02, 5-4-03, 9-28-04, 6-28-05, 6-20-06, 4-5-07,________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Jamie Peate, Operations Analyst, Technical Assistance and Dispute Resolution, Department of Revenue, P.O. Box 7443, Tallahassee, Florida 32314-7443; telephone [phone]
NAME OF SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: Buzz McKown, Revenue Program Administrator II, Technical Assistance and Dispute Resolution, P.O. Box 7443, Tallahassee, Florida 32314-7443; telephone number [phone]
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: September 10, 2007
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: A Notice of Proposed Rule Development was published in the Florida Administrative Weekly on July 6, 2007 (Vol. 33, No. 27, pp. 2977-2978). No comments were received by the Department