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FL S1672
Bill
AI Summary
- Grants state-chartered community banks the same immunity from state and local taxation currently enjoyed by federally chartered credit unions
- Amends section 213.12, Florida Statutes, to add community banks alongside credit unions in the existing tax immunity provision
- Defines "community bank" as a bank that either lacks a federal charter and is not chartered or licensed in any other state, or has a federal charter and is headquartered only in Florida
- Sponsored by Senator Grall during the 2024 Florida legislative session
- Effective date of July 1, 2024
Legislative Description
Taxation of State Chartered Banks
Last Action
Died in Banking and Insurance
3/8/2024
Full Bill Text
No bill text available