Bill

Bill > S0730


FL S0730

Housing Finance Authorities


summary

Introduced
11/02/2017
In Committee
11/15/2017
Crossed Over
Passed
Dead
03/10/2018

Introduced Session

2018 Regular Session

Bill Summary

Exempting from taxation certain notes and mortgages that are part of a loan made by or on behalf of a housing financing authority; providing an exception to the exemptions granted by this section, etc.

AI Summary

This bill exempts certain notes and mortgages that are part of a loan made by or on behalf of a housing finance authority from excise taxes on documents. Specifically, it provides that any note or mortgage given in connection with a loan made by or on behalf of a housing finance authority is exempt from such taxes, as long as the housing finance authority submits documentation affirming that the loan was made by or on behalf of the authority. However, the exemptions granted by the bill do not apply to any tax imposed on interest, income, or profits on debt obligations owned by corporations, or to a deed for property financed by a housing finance authority.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Other Sponsors (1)

Community Affairs (S)

Last Action

Died in Appropriations (on 03/10/2018)

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