summary
Introduced
03/27/2025
03/27/2025
In Committee
04/10/2025
04/10/2025
Crossed Over
04/10/2025
04/10/2025
Passed
Dead
06/16/2025
06/16/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
An act relating to documentary stamp tax distributions; amending s. 201.15, F.S.; requiring certain taxes to be collected subject to a specified service charge; revising how the remainder of such taxes is distributed; repealing s. 420.50871, F.S., relating to allocation of increased documentary stamp tax revenues; repealing s. 11 of chapter 2023-17, Laws of Florida, which creates an expiration date for certain amendments; repealing s. 45 of chapter 2024-6, Laws of Florida, which amends language that would have been reverted upon the expiration of certain provisions; amending ss. 201.0205, 339.0801, 339.55, 341.303, 343.58, 420.5092, and 420.9073, F.S.; conforming cross-references and provisions to changes made by the act; providing an effective date.
AI Summary
This bill makes changes to the distribution of documentary stamp tax revenues in Florida, primarily focusing on how these taxes are collected and allocated across various state trust funds. The bill introduces a new service charge on tax collection and modifies the existing distribution formula for documentary stamp tax revenues. Specifically, it adjusts the allocation of funds to different trust funds, including the State Housing Trust Fund, Local Government Housing Trust Fund, State Transportation Trust Fund, and others. The bill repeals certain previous provisions related to tax distribution, including Section 420.50871, which dealt with housing trust fund allocations. The changes affect how funds are distributed to support various state programs, such as transportation infrastructure, housing assistance, water protection, and economic development. The bill also updates cross-references in multiple sections of Florida Statutes to reflect these changes. The new distribution method aims to provide more clarity and potentially more efficient use of documentary stamp tax revenues across different state priorities. The changes will take effect on July 1, 2025, giving state agencies and departments time to prepare for the new allocation method.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (1)
Transportation & Economic Development Budget Subcommittee (H)
Last Action
Died on Calendar, companion bill(s) passed, see HB 7031 (Ch. 2025-208), SB 2500 (Ch. 2025-198) (on 06/16/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2025/5501 |
| Analysis - Appropriations (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2025/5501/Analyses/2025h05501.ap.PDF |
| https://www.flsenate.gov/Session/Bill/2025/5501/Amendment/485408/HTML | |
| Analysis - Appropriations (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2025/5501/Analyses/2025h05501.pre.ap.PDF |
| Analysis - Budget Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2025/5501/Analyses/h5501a.BUC.PDF |
| Analysis - Budget Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2025/5501/Analyses/h5501.BUC.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2025/5501/BillText/Filed/PDF |
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