24977614, 12B-4.052 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 24977614

Notice of Development of Rulemaking

Department:

DEPARTMENT OF REVENUE

Division:

Miscellaneous Tax

Chapter:

DOCUMENTARY STAMP TAX

Overview

RULE:

12B-4.052

Computation of Tax; Definitions

PURPOSE:

The purpose of this rulemaking is to update the Department’s rules documentary stamp tax to address 2021 legislative changes contained in Chapter 2021-31, Laws of Florida. Section 14 of the chapter law amends Section 201.08, Florida Statutes, to provide that a modification of an original document, on which documentary stamp tax was previously paid, which changes only the interest rate and is made as the result of the discontinuation of an index to which the original interest rate is referenced, is not a renewal and is not subject to documentary stamp tax. Rule 12B-4.052 is updated to incorporate this change.

SUBJECT:

: This rulemaking addresses modifications to original documents that are not considered renewals and are not subject to documentary stamp tax.

RULEMAKING AUTHORITY:

201.11(1), 213.06(1) FS

LAW:

201.08, 201.09 FS

PRINT PUBLISH DATE:

9/9/2021 Vol. 47/175

RELATED STATUTES
AND LAWS:

201.11(1), 213.06(1) FS, 201.08, 201.09 FS

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=12B-4.052&PDate=9/9/2021&Section=1

REFERENCE MATERIALS:

No reference(s).

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