Florida § 517.32 - Exemption from excise tax, certain obligations to pay.
Full text of Florida Florida Statutes § 517.32 — Exemption from excise tax, certain obligations to pay., with citation guidance and answers to common questions.
§ 517.32. Exemption from excise tax, certain obligations to pay.
There shall be exempt from all excise taxes imposed by chapter 201 all promissory notes, nonnegotiable notes, and other written obligations to pay money bearing dates subsequent to July 1, 1957, when the maker thereof is a security dealer registered by the office under this chapter and when such promissory note, nonnegotiable note or notes, or other written obligation to pay money shall be for the duration of 30 days or less and secured by pledge or deposit, as collateral security for the payment thereof, security or securities as defined in s. 517.021, provided all excise taxes imposed by chapter 201 shall have been paid upon such collateral security.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 517.32
What does Florida Statutes § 517.32 cover?
Section 517.32 ("Exemption from excise tax, certain obligations to pay.") 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 § 517.32?
A common citation format is "Florida Statutes § 517.32" (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 § 517.32 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.