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To: Jim McMannis who wrote (105532)	7/12/2000 2:15:49 PM
From: herb will	Respond to of 186894

Jim, Just to clarify what the Florida intangible tax changes are. This is from the Fla Revenue Department home page. state.fl.us “Lawmakers simplified the law, lowering tax rates on taxable assets greater than $100,000 for individual filers or on taxable assets greater than $200,000 for couples filing jointly. Currently, these assets are taxed at a rate of $1.50 per $1,000 in taxable assets. In the 2001 tax year, the tax rate on all intangible assets will be $1 per $1,000 in taxable assets.” The intangible tax has not been eliminated for 2001 but has been cut. Should be noted that prior to 1/1/200 the rate was $2.OO per thousand. Since Jeb Bush has been Gov the intangible tax has been cut in half. Chalk one up for Jeb. By the way he is the brother of the Bush seeking the White House. Herb