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FL S0730
Bill
Status
3/10/2018
Primary Sponsor
Community Affairs
Click for details
AI Summary
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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.
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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.
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Excludes corporate income taxes under chapter 220 on interest, income, or profits from debt obligations from the exemptions granted.
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Excludes deeds for property financed by a housing finance authority from the tax exemptions.
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Takes effect July 1, 2018.
Legislative Description
Housing Finance Authorities
Last Action
Died in Appropriations
3/10/2018