FL S1584

Defines "residential property" as single-family or condominium properties classified under Florida statute 195.073(1)(a)1 or 4, consisting of a single dwelling unit.

Limits documentary stamp tax on residential property to the difference between the original purchaser's price and an unrelated subsequent purchaser's price in an arm's length transaction occurring within 75 calendar days of the original conveyance.

Eliminates the tax limitation if the subsequent purchaser's consideration exceeds 110 percent of the original purchaser's consideration for the same residential property.

Effective July 1, 2021.