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FL S2512
Bill
AI Summary
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Revises documentary stamp tax distributions from the remainder after Land Acquisition Trust Fund allocations, reducing the State Transportation Trust Fund cap from $541.75 million to $466.75 million and eliminating a $75 million annual transfer to the General Revenue Fund.
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Reduces the State Housing Trust Fund distribution from 11.24% to 4.5% of the remainder and restructures the second housing allocation from 12.93% to 5.20254% of the remainder, with funds directed to State Housing Trust Fund and Local Government Housing Trust Fund purposes.
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Creates two new distributions: $75 million annually to the State Economic Enhancement and Development Trust Fund within the Department of Economic Opportunity, and allocations of 5.4175% each to the Resilient Florida Trust Fund and Water Protection and Sustainability Program Trust Fund for specified purposes.
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Prohibits distributions to the State Housing Trust Fund and Local Government Housing Trust Fund pursuant to the new allocations from being transferred to the General Revenue Fund.
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Amends s. 403.890 to include wastewater grants under s. 403.0673 as an allowable use of Water Protection and Sustainability Program Trust Fund revenues.
Legislative Description
Documentary Stamp Tax Distributions
Last Action
Chapter No. 2021-39, companion bill(s) passed, see CS/CS/SB 1954 (Ch. 2021-28), SB 2514 (Ch. 2021-29), SB 2500 (Ch. 2021-36)
6/3/2021