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Florida Proposed Rules

Rule Number: Rule Title

12B-4.052 Computation of Tax; Definitions

Next Step: At the March 29, 2022, meeting, the Governor and Cabinet approved the publication of the Notice of Proposed Rulemaking and subsequent adoption of the proposed rule if the substance of the proposed rule [including materials incorporated by reference, if any] remained unchanged upon reaching the date applicable to filing for final adoption pursuant to s. 120.54(3)(e)2., F.S. No substantive changes were made to the rule and the Department filed the rule for certification with the Department of State on May 3, 2022. This rule went into effect on May 23, 2022.

Certified Final Language:May 23, 2022
Certification Package:May 3, 2022
Certification Letter to JAPC:April 25, 2022
Hearing Information:April 21, 2022
Package Filed with JAPC:April 1, 2022
Notice of Proposed Rule:March 31, 2022 (Vol. 48, No. 63, pp. 1236-1237)
Cabinet Meeting for Hearing:March 29, 2022
Notice of Public Meeting - Cabinet for Hearing:March 18, 2022 (Vol. 48, No. 54, p. 1048)
Workshop Transcript:September 23, 2021
Workshop Information:September 23, 2021
Draft Rule Language:September 23, 2021
Notice of Rule Development:September 9, 2021 (Vol. 47, No. 175, pp. 4124-4125)

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.