SECTION 320.203. Disposition of biennial license tax moneys.
Latest version.
1(1) 2Notwithstanding ss. 4320.08(1), 5(2), (3), (4)(a) or (b), (6), (7), (8), (9), (10), or (11), 17320.08058, 18and 19328.7620and pursuant to s. 24216.351, 25after the provisions of s. 30320.20(1), 31(2), (3), (4), and (5) are fulfilled, an amount equal to 50 percent of revenues collected from the biennial registrations created in s. 54320.0755shall be retained in the Motor Vehicle License Clearing Trust Fund, authorized in s. 69215.32(2)(b)270.f., until July 1. After July 1 of the subsequent fiscal year, an amount equal to 50 percent of revenues collected from the biennial registrations created in s. 98320.0799shall be distributed according to ss. 105320.08(1), 106(2), (3), (4)(a) or (b), (6), (7), (8), (9), (10), or (11), 118320.08058, 119328.76, 120and 121320.20(1), 122(2), (3), (4), and (5).
127(2) 128A tax collector may escrow an amount necessary to annualize revenues collected from the biennial registration service charges, branch charges, or tax collector fees created in s. 155320.07156until October 1 of the following fiscal year and then account for that amount as revenue for that fiscal year.
