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CS/SB 1956: Florida Land Trust Act

GENERAL BILL by Banking and Insurance ; Aronberg

Florida Land Trust Act; revises provisions re land trust transfers of real property & vesting of ownership in trustee; deletes requirement that trustee be qualified to act as fiduciary; specifies rights, liabilities, & duties of land trust beneficiaries; provides that principal residence of beneficiary which is held in land trust is entitled to homestead tax exemption under certain circumstances; provides application, etc. Amends 689.071, 201.02.

Effective Date: 10/01/2006
Last Action: 6/22/2006 - Approved by Governor; Chapter No. 2006-274
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/10/2006 Senate • Filed
    2/23/2006 Senate • Referred to Judiciary; Banking and Insurance
    3/7/2006 Senate • Introduced, referred to Judiciary; Banking and Insurance -SJ 00155
    3/24/2006 Senate • On Committee agenda-- Judiciary, 03/29/06, 3:30 pm, 401-S
    3/29/2006 Senate • Favorable by Judiciary; YEAS 8 NAYS 0 -SJ 00354
    3/30/2006 Senate • Now in Banking and Insurance -SJ 00354
    4/13/2006 Senate • On Committee agenda-- Banking and Insurance, 04/20/06, 1:45 pm, 412-K
    4/20/2006 Senate • CS by- Banking and Insurance; YEAS 9 NAYS 0 -SJ 00580; CS read first time on 04/26/06 -SJ 00592
    4/21/2006 Senate • Placed on Calendar, on second reading -SJ 00581
    4/26/2006 Senate • Placed on Special Order Calendar -SJ 00577; Read second time -SJ 00574
    4/27/2006 Senate • Read third time -SJ 00625; CS passed; YEAS 39 NAYS 0 -SJ 00625
    4/28/2006 House • In Messages
    5/2/2006 House • Received, referred to Calendar -HJ 01133
    5/3/2006 House • Placed on Special Order Calendar; Substituted for HB 7099 -HJ 01199; Read second and third times -HJ 01199; CS passed; YEAS 120 NAYS 0 -HJ 01199
    5/3/2006 Senate • Ordered enrolled -SJ 00968
    6/13/2006 • Signed by Officers and presented to Governor
    6/22/2006 • Approved by Governor; Chapter No. 2006-274

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  • CS/SB 1956, Enrolled (Current Bill Version) Posted 5/3/2006 at 9:17 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 7099 Simmons Identical Last Action: 5/3/2006 H Placed on Special Order Calendar; Substituted CS/SB 1956; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/SB 1956 (Ch. 2006-274) -HJ 01199
    Location:

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    201.02 Tax on deeds and other instruments relating to real property or interests in real property.
    689.071 Land trusts transferring interests in real estate; ownership vests in trustee.

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  • CS/SB 1956, Committee Substitute 1 Posted 4/21/2006 at 5:39 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 4/20/2006 (pdf)

    Floor Votes (2)

    Date Chamber Result
    4/27/2006 2:40 PM Senate 39 Yeas - 0 Nays
    5/3/2006 2:49 PM House 120 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    201.02 Tax on deeds and other instruments relating to real property or interests in real property.
    689.071 Land trusts transferring interests in real estate; ownership vests in trustee.

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  • SB 1956, Original Filed Version Posted 2/10/2006 at 1:32 PM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Post-Meeting) 3/28/2006 (pdf)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    270888 - Amendment
    Banking and Insurance
    (Campbell)
    4/19/2006
    3:01 PM
    Replaced by Committee Substitute
    4/23/2006
    Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    3/29/2006 3:30 PM Judiciary 8 Yeas - 0 Nays
    4/20/2006 1:45 PM Banking and Insurance 9 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    201.02 Tax on deeds and other instruments relating to real property or interests in real property.
    689.071 Land trusts transferring interests in real estate; ownership vests in trustee.

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