| 1 | A bill to be entitled |
| 2 | An act relating to the excise tax on documents; amending |
| 3 | s. 201.02, F.S.; providing for nonapplication of the tax |
| 4 | to certain transfers or conveyances of homestead property |
| 5 | between spouses; providing requirements; specifying |
| 6 | application of the exemption; providing an effective date. |
| 7 |
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| 8 | Be It Enacted by the Legislature of the State of Florida: |
| 9 |
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| 10 | Section 1. Subsection (11) is added to section 201.02, |
| 11 | Florida Statutes, to read: |
| 12 | 201.02 Tax on deeds and other instruments relating to real |
| 13 | property or interests in real property.-- |
| 14 | (11) Taxes imposed by this section do not apply to a deed |
| 15 | or other instrument that transfers or conveys homestead property |
| 16 | or any interest in homestead property between spouses only, when |
| 17 | the only consideration for the transfer or conveyance is the |
| 18 | amount of a mortgage or other lien encumbering the homestead |
| 19 | property at the time of the transfer or conveyance and when the |
| 20 | transfer or conveyance is recorded within 1 year after the date |
| 21 | of the marriage. This exemption applies to transfers or |
| 22 | conveyances from one spouse to another, from one spouse to both |
| 23 | spouses, or from both spouses to one spouse. |
| 24 | Section 2. This act shall take effect upon becoming a law. |