Florida Senate - 2008 COMMITTEE AMENDMENT

Bill No. SB 2788

676796

CHAMBER ACTION

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.