Florida SB 752: Public Defender Duties

Bill Text

752 
Taxation of First-time Buyers 
2025-12-04T05:28:58Z 
Specifying that documentary stamp taxes do not apply to deeds, transfers, or conveyances of residential property to first-time homebuyers; defining the term “first-time homebuyer”; specifying that documentary stamp taxes do not apply to certain documents executed by a first-time homebuyer in connection with the purchase of a principal residence, etc. 
Original Filed Version 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 752 

 By Senator DiCeglie 

 18-00935-26 2026752__ 
 1 A bill to be entitled 
 2 An act relating to the taxation of first-time buyers; 
 3 amending s. 201.02, F.S.; specifying that documentary 
 4 stamp taxes do not apply to deeds, transfers, or 
 5 conveyances of residential property to first-time 
 6 homebuyers; defining the term “first-time homebuyer”; 
 7 amending s. 201.08, F.S.; specifying that documentary 
 8 stamp taxes do not apply to certain documents executed 
 9 by a first-time homebuyer in connection with the 
 10 purchase of a principal residence; defining the term 
 11 “first-time homebuyer”; providing an effective date. 
 12 
 13 Be It Enacted by the Legislature of the State of Florida: 
 14 
 15 Section 1. Present subsections (9), (10), and (11) of 
 16 section 201.02, Florida Statutes, are redesignated as 
 17 subsections (10), (11), and (12), respectively, and a new 
 18 subsection (9) is added to that section, to read: 
 19 201.02 Tax on deeds and other instruments relating to real 
 20 property or interests in real property.— 
 21 (9) Taxes imposed by this section do not apply to a deed, 
 22 transfer, or conveyance that transfers or conveys residential 
 23 property to a first-time homebuyer for use as a principal 
 24 residence. For purposes of this subsection, the term “first-time 
 25 homebuyer” means a person who has not held ownership interest in 
 26 a principal residence during the 3-year period before the date 
 27 of purchase of the principal residence and who is a moderate 
 28 income person as defined in s. 420.602. 
 29 Section 2. Subsection (10) is added to section 201.08, 
 30 Florida Statutes, to read: 
 31 201.08 Tax on promissory or nonnegotiable notes, written 
 32 obligations to pay money, or assignments of wages or other 
 33 compensation; exception.— 
 34 (10) Taxes imposed by this section do not apply to 
 35 documents described in subsection (1) that are executed by a 
 36 first-time homebuyer in connection with the purchase of a 
 37 principal residence. For purposes of this subsection, the term 
 38 “first-time homebuyer” means a person who has not held ownership 
 39 interest in a principal residence during the 3-year period 
 40 before the date of purchase of the principal residence and who 
 41 is a moderate-income person as defined in s. 420.602. 
 42 Section 3. This act shall take effect July 1, 2026.