Florida § 159.621 - Housing bonds exempted from taxation; notes and mortgages exempted from excise tax on documents.
Full text of Florida Florida Statutes § 159.621 — Housing bonds exempted from taxation; notes and mortgages exempted from excise tax on documents., with citation guidance and answers to common questions.
§ 159.621. Housing bonds exempted from taxation; notes and mortgages exempted from excise tax on documents.
(1) The bonds of a housing finance authority issued under this act, together with all notes, mortgages, security agreements, letters of credit, or other instruments which arise out of or are given to secure the repayment of bonds issued in connection with the financing of any housing development under this part, as well as the interest thereon and income therefrom, shall be exempt from all taxes. (2) Any note or mortgage given in connection with a loan made by or on behalf of a housing finance authority under s. 159.608(8) is exempt from the excise tax on documents under chapter 201 if, at the time the note or mortgage is recorded, the housing finance authority records an affidavit signed by an agent of the housing authority which affirms that the loan was made by or on behalf of the housing finance authority. The exemptions granted by this section do not apply to any tax imposed by chapter 220 on interest, income, or profits on debt obligations owned by corporations or to a deed for property financed by a housing finance authority.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 159.621
What does Florida Statutes § 159.621 cover?
Section 159.621 ("Housing bonds exempted from taxation; notes and mortgages exempted from excise tax on documents.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 159.621?
A common citation format is "Florida Statutes § 159.621" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 159.621 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.