Fla. Admin. Code r. 12B-4.042 - Issues Subject to Tax

12B-4.042 Issues Subject to Tax.

(1) Secured by Mortgage or Deed of Trust: A bond secured by a mortgage or deed of trust which is recorded in this state is subject to tax.

(2) Religious Non-Profit Corporation: A bond issued by a church corporation is subject to tax. (1932 Op. Att’y. Gen. Fla. 1931-32 Biennial Report, Page 396 (Jan. 7, 1932))

(3) Certificate of Indebtedness: A certificate of indebtedness secured by a mortgage is subject to tax. (Letter from the Att’y. Gen. Fla. to the State Comptroller (March 17, 1932))

Rulemaking Authority 201.11, 213.06(1) FS. Law Implemented 201.07 FS. History–New 8-18-73, Formerly 12A-4.42, Amended 12-26-77, Formerly 12B-4.42, Amended 12-5-89, 12-30-97.