Florida HB 1257: Tax/Documentary Stamp Tax to Fund Down Payment Assistance

Bill Text

HB 1257 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1257-00
Page 1 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

A bill to be entitled 1
An act relating to documentary stamp tax to fund down 2
payment assistance; creating s. 201.0202, F.S.; 3
creating an additional documentary stamp tax in a 4
specified amount on residential property purchased by 5
a purchaser who already owns a certain number of 6
residential properties; requiring the tax to be 7
collected, transferred, and used in a certain manner; 8
providing an effective date. 9
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Be It Enacted by the Legislature of the State of Florida: 11
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Section 1. Section 201.0202, Florida Statutes, is created 13
to read: 14
201.0202 Documentary stamp tax on additional property.— 15
(1)(a) Except as provided in paragraph (b), on any 16
residential property transaction subject to the tax imposed by 17
s. 201.02(1), there shall be an additional tax of $50,000 if the 18
purchaser already owns 15 residential properties in this state. 19
(b) A not-for-profit corporation purchasing residential 20
housing for the purpose of providing affordable housing is not 21
required to pay the tax in this section unless they already own 22
50 residential properties in this state. 23
(2) Notwithstanding any other law, the tax shall be 24
collected at the same time and in the same manner as the tax 25

HB 1257 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1257-00
Page 2 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

under s. 201.02 and shall be transferred to the Department of 26
Revenue and used to provide down payment assistance grants to 27
first-time homeowners. 28
Section 2. This act shall take effect July 1, 2026. 29