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FL S0730

Bill

Status

Failed

3/10/2018

Primary Sponsor

Community Affairs

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Exempts notes and mortgages from excise taxes on documents under chapter 201 when made by or on behalf of a housing finance authority under s. 159.608(8), provided the housing finance authority submits documentation affirming the loan's origin at the time of recording.

  • Maintains existing exemption of housing finance authority bonds and related instruments (notes, mortgages, security agreements, letters of credit) from all taxes, including interest and income thereon.

  • Excludes corporate income taxes under chapter 220 on interest, income, or profits from debt obligations from the exemptions granted.

  • Excludes deeds for property financed by a housing finance authority from the tax exemptions.

  • Takes effect July 1, 2018.

Legislative Description

Housing Finance Authorities

Last Action

Died in Appropriations

3/10/2018

Committee Referrals

Appropriations2/20/2018
Finance and Tax Appropriations Subcommittee1/19/2018
Community Affairs11/15/2017

Full Bill Text

No bill text available