Exempts first-time homebuyers from documentary stamp taxes on deeds and promissory notes.

The bill amends Florida Statutes to exempt first-time homebuyers from documentary stamp taxes on deeds, transfers, or conveyances of residential property and on promissory notes, written obligations, or assignments of wages executed in connection with the purchase of a principal residence. A "first-time homebuyer" is defined as someone who has not held an ownership interest in a principal residence in the three years prior to the purchase and who is a moderate-income person. The changes take effect July 1, 2026.

Exempts first-time homebuyers from documentary stamp taxes on deeds and promissory notes.

The bill amends Florida Statutes to exempt first-time homebuyers from documentary stamp taxes on deeds, transfers, or conveyances of residential property and on promissory notes, written obligations, or assignments of wages executed in connection with the purchase of a principal residence. A "first-time homebuyer" is defined as someone who has not held an ownership interest in a principal residence in the three years prior to the purchase and who is a moderate-income person. The changes take effect July 1, 2026.