Bill > H5501

This bill modifies how money collected from documentary stamp taxes, which are taxes on certain legal documents like deeds and mortgages, is distributed. Specifically, it adjusts the percentage of these tax proceeds allocated to the State Transportation Trust Fund, a fund used for transportation projects, and reallocates a portion of those funds to the Florida Rail Enterprise, an entity focused on rail development. Additionally, the bill prohibits the transfer of certain funds to the South Florida Regional Transportation Authority, a public agency responsible for transportation in that region, if those funds are specifically designated for the Florida Rail Enterprise. The changes to the distribution of documentary stamp tax proceeds are intended to support rail infrastructure development, while the restriction on transfers to the South Florida Regional Transportation Authority aims to ensure dedicated funding for rail projects.

Transportation & Economic Development Budget Subcommittee (House)

https://www.flsenate.gov/Session/Bill/2026/5501