BILL SUMMARY DETAILS

Florida League of Cities

Documentary Stamp Tax Distributions (Watch)

ANR1 (Agriculture & Natural Resources Appropriations Subcommittee) is a proposed committee bill intended to conform to funding decisions made in the 2021-22 Proposed General Appropriations Act. The bill revises documentary stamp tax distributions to several trust funds. It reduces distributions paid into the State Housing Trust Fund and the Local Government Housing Trust Fund from a combined 24.17% to a combined 6.8%. It creates a distribution of 6.8% to be paid into the Resilient Florida Trust Fund to be used for planning and project grants established by HB 7019 (relating to Statewide Flooding & Sea Level Rise Resilience Plan). It creates a distribution of 6.8% to be paid into the Water Protection and Sustainability Program Trust Fund to be used for wastewater grants. The bill prohibits the funds distributed to the State Housing Trust Fund and the Local Government Housing Trust Fund from being transferred to the General Revenue Fund in the General Appropriations Act. The bill expands the use of the Water Protection and Sustainability Trust Fund to include the wastewater grant program created by CS/CS/SB 712, passed in the 2020 Legislative Session. (O’Hara)