FLC Icon

Bill Summary Details

Documentary Stamp Tax Distributions (Watch)

SB 2512 (Appropriations) revises distributions from the Documentary Stamp Tax. It adds distributions to the newly created Resilient Florida Trust Fund and to the Water Sustainability and Accountability Trust Fund (used for the wastewater grant program established in Section 403.0673, Florida Statutes). It reduces current distributions to the State Housing Trust Fund but also prevents funds distributed to the Housing Trust Fund from being transferred to General Revenue. Based on these modified distributions, in the upcoming fiscal year affordable housing programs will receive approximately $200 million, and programs established for resiliency and wastewater will receive approximately $111 million. (O'Hara)