Florida Department of Revenue Tax Information Publication TIP 07C02-01 Dated: January 2, 2007 Repeal of Annual Intangible personal property tax Effective January 1, 2007, Chapter Law: 2006-312, L.O F. repeals the annual tax on intangible personal property such as stocks, bonds, mutual funds, money market funds, and unsecured notes.
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The tax rate for this state intangible tax on new mortgages is two mills, $.002 or two tenths of one cent per dollar of debt. state documentary stamp tax on notes The state requires the payment of a documentary stamp tax on notes for all executed notes and written promises to pay money.
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Read more about the Florida documentary stamp tax Home buyer assistance Home buyers who meet the income limits , have not owned a home within the past three years and satisfy the customary approval guidelines, may be eligible for a $5,000 down payment and/or closing cost assistant loan from the Federal Home Loan Bank of Atlanta.
A Summary of the florida intangible personal Property Tax. Though it had an illustrious history dating back to the 1930s, the so-called Florida intangible personal property tax was gradually.
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INTANGIBLE TAX RULES: Current Through 9-18-11 CHAPTER 12C-2 INTANGIBLE PERSONAL PROPERTY TAX (Formerly 12B-2). a note secured by a mortgage or other lien on Florida real property. When secured by a lien on real property in Florida, the maximum amount allowed under the line is subject to the.
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Intangible tax is calculated on the loan amount shown in the note. Not all states require intangible tax on loans, and those that do can vary in the amount. Florida’s fee amount for this tax is $.20 per $100 or $2 per $1,000 of lended money.
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