The bill proposes the repeal of Section 21 of Chapter 2024-158 of the Laws of Florida, which currently includes a provision for the future repeal of a documentary stamp tax exemption related to certain notes and obligations associated with the sale of alarm systems. By removing this section, the bill effectively eliminates the planned repeal of the tax exemption, allowing it to remain in effect.
The act is set to take effect on July 1, 2026, ensuring that the documentary stamp tax exemption for alarm system-related transactions continues without interruption.