Florida H1257 imposes an additional documentary stamp tax on residential property purchases by those owning 15 or more properties in the state.

Florida H1257 introduces an additional documentary stamp tax of $50,000 on residential property transactions where the purchaser already owns 15 or more residential properties in the state. This tax does not apply to not-for-profit corporations purchasing residential housing for affordable housing purposes. The tax revenue will be collected and transferred to the Department of Revenue, and used to provide down payment assistance grants to first-time homeowners. The act is set to take effect on July 1, 2026.

Florida H1257 imposes an additional documentary stamp tax on residential property purchases by those owning 15 or more properties in the state.

Florida H1257 introduces an additional documentary stamp tax of $50,000 on residential property transactions where the purchaser already owns 15 or more residential properties in the state. This tax does not apply to not-for-profit corporations purchasing residential housing for affordable housing purposes. The tax revenue will be collected and transferred to the Department of Revenue, and used to provide down payment assistance grants to first-time homeowners. The act is set to take effect on July 1, 2026.