Summary
The provisions of subsections (7), (8), and (10) of Rule 12B-4.013, F.A.C. (Conveyances Subject to Tax), currently provide that conveyances of real property to corporations and partnerships in exchange for an ownership interest and conveyances of real property by a corporation as payment in lieu of cash dividends or transferred in corporate dissolutions or corporate liquidations are subject to the documentary stamp tax. The proposed amendments remove these provisions that are not in compliance with the ruling rendered in Crescent Miami Center, LLC v. Department of Revenue.