FL H0607

Amends section 159.621, Florida Statutes, to exempt notes and mortgages from excise tax on documents under chapter 201 when given in connection with loans made by or on behalf of a housing finance authority under section 159.608(8).

Requires housing finance authorities to submit documentation at the time the note or mortgage is recorded affirming that the loan was made by or on behalf of the authority to qualify for the exemption.

Exemption does not apply to taxes imposed by chapter 220 on interest, income, or profits on debt obligations owned by corporations.

Exemption does not apply to deeds for property financed by a housing finance authority.

Effective date: July 1, 2018.