TALLAHASSEE, Fla. – June 1, 2011 – Florida Governor Rick Scott signed two bills passed during the 2011 session of the Florida Legislature. One bans local governments from collecting business taxes from associates while the second helps licensees who handle short sales.
Business taxes
Sales associates who don’t currently pay a business tax (formerly known as occupational licenses taxes) will appreciate HB 311 by Kenneth Roberson (R-Port Charlotte).
Local governments that weren’t collecting business taxes from sales associates on Oct. 13, 2010, may not do so in the future. However, the change in law does not impact local governments that were collecting business taxes from sales associates on Oct. 13, 2010.
Mortgage licensing
SB 1316 by Sen. Nancy Detert (R-Venice) codifies into the Florida S.A.F.E. Mortgage Licensing Act the same language contained in a federal act. The law allows Florida real estate licensees to list and sell short sales without having to first obtain additional licensure under Chapter 494.
© 2011 Florida Realtors®
Business taxes
Sales associates who don’t currently pay a business tax (formerly known as occupational licenses taxes) will appreciate HB 311 by Kenneth Roberson (R-Port Charlotte).
Local governments that weren’t collecting business taxes from sales associates on Oct. 13, 2010, may not do so in the future. However, the change in law does not impact local governments that were collecting business taxes from sales associates on Oct. 13, 2010.
Mortgage licensing
SB 1316 by Sen. Nancy Detert (R-Venice) codifies into the Florida S.A.F.E. Mortgage Licensing Act the same language contained in a federal act. The law allows Florida real estate licensees to list and sell short sales without having to first obtain additional licensure under Chapter 494.
© 2011 Florida Realtors®
The bill regarding exemption sales associates is certainly helpful for agents. Does anyone know the background on how this bill came about?
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