THE BILL ITSELF
SB 752
Taxation of First-time Buyers
Florida Senate - 2026 SB 752 By Senator DiCeglie 18-00935-26 2026752__
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A bill to be entitled
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An act relating to the taxation of first-time buyers;
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amending s. 201.02, F.S.; specifying that documentary
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stamp taxes do not apply to deeds, transfers, or
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conveyances of residential property to first-time
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homebuyers; defining the term “first-time homebuyer”;
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amending s. 201.08, F.S.; specifying that documentary
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stamp taxes do not apply to certain documents executed
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by a first-time homebuyer in connection with the
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purchase of a principal residence; defining the term
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“first-time homebuyer”; providing an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Present subsections (9), (10), and (11) of
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section 201.02, Florida Statutes, are redesignated as
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subsections (10), (11), and (12), respectively, and a new
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subsection (9) is added to that section, to read:
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201.02 Tax on deeds and other instruments relating to real
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property or interests in real property.—
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(9) Taxes imposed by this section do not apply to a deed,
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transfer, or conveyance that transfers or conveys residential
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property to a first-time homebuyer for use as a principal
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residence. For purposes of this subsection, the term “first-time
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homebuyer” means a person who has not held ownership interest in
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a principal residence during the 3-year period before the date
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of purchase of the principal residence and who is a moderate
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income person as defined in s. 420.602.
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Section 2. Subsection (10) is added to section 201.08,
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Florida Statutes, to read:
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201.08 Tax on promissory or nonnegotiable notes, written
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obligations to pay money, or assignments of wages or other
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compensation; exception.—
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(10) Taxes imposed by this section do not apply to
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documents described in subsection (1) that are executed by a
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first-time homebuyer in connection with the purchase of a
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principal residence. For purposes of this subsection, the term
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“first-time homebuyer” means a person who has not held ownership
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interest in a principal residence during the 3-year period
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before the date of purchase of the principal residence and who
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is a moderate-income person as defined in s. 420.602.
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Section 3. This act shall take effect July 1, 2026.