Florida Senate - 2008 COMMITTEE AMENDMENT
Bill No. SB 2788
676796
Senate
Comm: RCS
4/2/2008
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House
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The Committee on Finance and Tax (Haridopolos) recommended the
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following amendment:
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Senate Amendment (with title amendment)
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Delete line(s) 127-206
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and insert:
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Section 3. Subsection (6) of section 201.02, Florida
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Statutes, is amended to read:
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201.02 Tax on deeds and other instruments relating to real
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property or interests in real property.--
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(6) Taxes imposed by this section shall not apply to any
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assignment, transfer, or other disposition, or any document,
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which arises out of a transfer of real property from a nonprofit
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organization to the Board of Trustees of the Internal Improvement
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Trust Fund, to any state agency, to any water management
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district, or to any local government. For purposes of this
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subsection, "nonprofit organization" means an organization whose
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purpose is the preservation of natural resources and which is
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exempt from federal income tax under s. 501(c)(3) of the Internal
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Revenue Code. The following notation must be placed on the
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document assigning, transferring, or otherwise disposing of the
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property, adjacent to the official record stamp of the county, at
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the time of its recording in the public records: "This document
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is exempt from documentary stamp tax pursuant to s. 201.02(6),
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F.S." The Department of Revenue shall provide a form, or a place
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on an existing form, for the nonprofit organization to indicate
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its exempt status.
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================ T I T L E A M E N D M E N T ================
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And the title is amended as follows:
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Delete line(s) 6-10
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and insert:
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keep confidential; amending s. 201.02, F.S.; requiring a
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notation on certain documents; amending s. 212.07, F.S.;
3/25/2008 12:23:00 PM 26-05697-08
CODING: Words stricken are deletions; words underlined are additions.