HB 237

1
A bill to be entitled
2An act relating to the excise tax on documents; amending
3s. 201.02, F.S.; providing for nonapplication of the tax
4to certain transfers or conveyances of homestead property
5between spouses; providing requirements; specifying
6application of the exemption; providing an effective date.
7
8Be It Enacted by the Legislature of the State of Florida:
9
10     Section 1.  Subsection (11) is added to section 201.02,
11Florida Statutes, to read:
12     201.02  Tax on deeds and other instruments relating to real
13property or interests in real property.--
14     (11)  Taxes imposed by this section do not apply to a deed
15or other instrument that transfers or conveys homestead property
16or any interest in homestead property between spouses only, when
17the only consideration for the transfer or conveyance is the
18amount of a mortgage or other lien encumbering the homestead
19property at the time of the transfer or conveyance and when the
20transfer or conveyance is recorded within 1 year after the date
21of the marriage. This exemption applies to transfers or
22conveyances from one spouse to another, from one spouse to both
23spouses, or from both spouses to one spouse.
24     Section 2.  This act shall take effect upon becoming a law.


CODING: Words stricken are deletions; words underlined are additions.