Florida 2021 Regular Session Status: In Committee 1 R cosponsors

SB 1334 — Excise Tax on Documents

Last action — Died in Appropriations, companion bill(s) passed, see HB 7061 (Ch. 2021-31)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Excise Tax on Documents; Providing that modifications of original documents for certain purposes are not renewals and are not subject to document excise taxes, etc.

Bill Text

What changed in the latest version

4 added · 4 removed

4 line(s) added, 4 removed.

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Florida Senate - 2021 SB 1334 By Senator Boyd 21-01681-21 20211334__ A bill to be entitled An act relating to the excise tax on documents;
Florida Senate - 2021 CS for SB 1334 By the Committee on Finance and Tax;
and Senator Boyd 593-03037-21 20211334c1 A bill to be entitled An act relating to the excise tax on documents;
A modification of an original document for the purpose of changing the interest rate due to the discontinuation of an index to which the original interest rate is referenced is not a renewal and is not subject to tax pursuant to this section.
A modification of an original document for the sole purpose of changing the interest rate due to the discontinuation of an index to which the original interest rate is referenced is not a renewal and is not subject to tax pursuant to this section.
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How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill clarifies that certain modifications to original documents are not considered renewals and thus are exempt from excise taxes on documents.

  • 201.08

    For purposes of this section, a renewal shall only include modifications of an original document which change the terms of the indebtedness evidenced by the original document by adding one or more obligors, increasing the principal balance, or changing the interest rate, maturity date, or payment terms. → For purposes of this section, a renewal shall only include modifications of an original document which change the terms of the indebtedness evidenced by the original document by adding one or more obligors, increasing the principal balance, or changing the interest rate, maturity date, or payment terms. Modifications to documents which do not modify the terms of the indebtedness evidenced such as those given or recorded to correct error; modify covenants, conditions, or terms unrelated to the debt; sever a lien into separate liens; provide for additional, substitute, or further security for the indebtedness; consolidate indebtedness or collateral; add, change, or delete guarantors; or which substitute a new mortgagee or payee are not renewals and are not subject to tax pursuant to this section. A modification of an original document for the sole purpose of changing the interest rate due to the discontinuation of an index to which the original interest rate is referenced is not a renewal and is not subject to tax pursuant to this section.

    This change expands the definition of what constitutes a renewal, specifying that several types of modifications will not be subject to excise taxes.

Action History

  1. Died in Appropriations, companion bill(s) passed, see HB 7061 (Ch. 2021-31)

  2. CS by Finance and Tax read 1st time

  3. Now in Appropriations

  4. Pending reference review under Rule 4.7(2) - (Committee Substitute)

  5. CS by Finance and Tax; YEAS 8 NAYS 0

  6. On Committee agenda-- Finance and Tax, 03/18/21, 9:00 am, 110 Senate Building

  7. Now in Finance and Tax

  8. Favorable by Banking and Insurance; YEAS 11 NAYS 0

  9. Introduced

  10. On Committee agenda-- Banking and Insurance, 03/03/21, 9:30 am, 412 Knott Building

  11. Referred to Banking and Insurance; Finance and Tax; Appropriations

  12. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 163 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (163)

163 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Favorable

Passed 11 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 6001
Republican 4000
Democrat 1000
Total 11001
% of votes cast 92%0%0%8%
How each member voted (12)
Member Party Vote
Brandes — Yea
Rodrigues — Yea
Stargel — Yea
Taddeo — Yea
Thurston — Yea
Broxson — Yea
Stewart — Not Voting
Rouson, Darryl Ervin Democrat Yea
Boyd, Jim Republican Yea
Burgess, Danny Republican Yea
Gruters, Joe Republican Yea
Passidomo, Kathleen Republican Yea

Official roll call →

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1334 do?
Excise Tax on Documents; Providing that modifications of original documents for certain purposes are not renewals and are not subject to document excise taxes, etc.
Who sponsors SB 1334?
SB 1334 is sponsored by Boyd, Jim (Republican).
What is the current status of SB 1334?
This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1334?
Track SB 1334 free on One Click Politics — get push/email alerts when it moves.

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