Senate Bill 1630

    Florida Senate - 1998                                  SB 1630

    By Senator Horne





    6-1094-98

  1                      A bill to be entitled

  2         An act relating to the transient rentals tax;

  3         amending s. 212.03, F.S.; providing an

  4         exemption for persons who rent a dwelling that

  5         they have contracted to buy; providing an

  6         effective date.

  7

  8  Be It Enacted by the Legislature of the State of Florida:

  9

10         Section 1.  Paragraph (e) is added to subsection (7) of

11  section 212.03, Florida Statutes, to read:

12         212.03  Transient rentals tax; rate, procedure,

13  enforcement, exemptions.--

14         (7)

15         (e)  The rental of real property used as a dwelling

16  unit is exempt from the tax imposed by this chapter if the

17  occupant has entered into a bona fide written agreement to

18  purchase the real property and the real property is, in fact,

19  subsequently purchased by the occupant.

20         Section 2.  This act shall take effect July 1, 1998.

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23                          SENATE SUMMARY

24    Provides an exemption from the transient rentals tax for
      a person who has contracted to buy a dwelling and
25    occupies the dwelling before the purchase is final.

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