FL H0095

Removes the $107 million annual cap on documentary stamp tax proceeds deposited into the State Housing Trust Fund, replacing it with a fixed 7.53 percent allocation of remaining taxes.

Removes the $136 million annual cap on documentary stamp tax proceeds for State Housing Trust Fund purposes, replacing it with a fixed 8.66 percent allocation of remaining taxes.

Eliminates subsections (9) and (10) from the automatic annual increase formula in subsection (13), which previously allowed dollar amount caps to increase by 10 percent when tax collections exceeded prior year amounts.

Repeals section 8 of chapter 2009-131, Laws of Florida, retroactive to June 30, 2009, to eliminate a conflicting version of the tax distribution statute.

Takes effect July 1, 2010.