FL S1432

Removes the $107 million annual cap on documentary stamp tax distributions to the State Housing Trust Fund, allowing the full 7.53 percent of remaining taxes to flow to the fund regardless of total amount

Removes the $136 million annual cap on a separate documentary stamp tax distribution, allowing the full 8.66 percent to be deposited into the State Housing Trust Fund

Requires the Legislature to annually appropriate at least 90 percent of tax proceeds distributed to the State Housing Trust Fund for affordable housing units and other purposes consistent with the fund's creation

Maintains the existing split of distributions between the State Housing Trust Fund and Local Government Housing Trust Fund for housing programs and homeless services

Effective date of July 1, 2010