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FL S1334

Bill

Official Source

Status

Failed

4/30/2021

Primary Sponsor

Finance and Tax

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Modifies Florida's document excise tax law to clarify that certain document modifications are not subject to renewal taxation
  • Specifies that modifications changing interest rates solely due to discontinuation of a referenced index are not renewals and are not taxable
  • Confirms that modifications not altering debt terms—such as correcting errors, adding guarantors, changing mortgagees, or providing additional security—are not subject to excise tax
  • Takes effect July 1, 2021

Legislative Description

Excise Tax on Documents

Last Action

Died in Appropriations, companion bill(s) passed, see HB 7061 (Ch. 2021-31)

4/30/2021

Committee Referrals

Appropriations3/19/2021
Finance and Tax3/3/2021
Banking and Insurance2/24/2021

Full Bill Text

No bill text available