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CS/HB 7099: Florida Land Trust Act

GENERAL BILL by Judiciary Committee ; Simmons

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: 5/3/2006 House - 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
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    3/13/2006 House • Filed
    3/14/2006 House • Introduced -HJ 00188
    3/20/2006 House • Referred to Civil Justice (JC); Finance & Tax (FC); Justice Council -HJ 00264
    3/24/2006 House • On Committee agenda-- Civil Justice (JC), 03/28/06, 10:15 am, 24-H
    3/28/2006 House • Favorable by Civil Justice (JC); YEAS 5 NAYS 0 -HJ 00303; Now in Finance & Tax (FC) -HJ 00303
    4/7/2006 House • On Committee agenda-- Finance & Tax (FC), 04/11/06, 9:30 am, 404-H
    4/11/2006 House • Favorable with CS amendment by Finance & Tax (FC); YEAS 7 NAYS 0 -HJ 00419
    4/12/2006 House • Pending review of CS under Rule 6.3(b)
    4/13/2006 House • Now in Justice Council -HJ 00419
    4/18/2006 House • On Council agenda-- Justice Council, 04/20/06, 2:45 pm, 404-H
    4/20/2006 House • Favorable by- Justice Council; YEAS 9 NAYS 0 -HJ 00553; Placed on Calendar -HJ 00553
    5/3/2006 House • 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

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  • CS/HB 7099, Committee Substitute 1 (Current Bill Version) Posted 4/12/2006 at 9:49 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 1956 (c1) Aronberg Identical Last Action: 6/22/2006 Approved by Governor; Chapter No. 2006-274
    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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  • HB 7099, Original Filed Version Posted 3/13/2006 at 9:53 AM

    Bill Text:   Web Page | PDF
    Analyses:   Civil Justice Committee (Post-Meeting) (pdf)
    Civil Justice Committee (Post-Meeting) (pdf)
    Finance & Tax Committee (Post-Meeting) (pdf)
    Finance & Tax Committee (Post-Meeting) (pdf)
    Justice Council (Post-Meeting) (pdf)
    Judiciary Committee (Post-Meeting) (pdf)

    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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