The Florida Legislature
Office of Program Policy Analysis and Government Accountability
Follow-Up Report on Administration of the Documentary Stamp Tax by the Department of Revenue, Report No. 97-31, January 1998
Full report in PDF format
As a result of the Legislature eliminating physical documentary stamps and the Department implementing many of our recommendations to reduce costs, the Department should realize an estimated $146,000 in annual savings. However, the Department should continue its efforts to:
- improve audit productivity; and
- pursue a more cost-effective means to capture information from the "Return for Transfers of Interest in Florida Real Property" (DR219) in electronic form.
The Legislature can save approximately $5 million annually by amending s. 201.022, F.S., to:
- require that Form DR219 be recorded as a public document as an additional page of the deed, thereby holding the document to a higher level of accountability and allowing the clerk to collect a recording fee; and
- eliminate the 1% commission paid to county clerks for handling the report.
What were our earlier findings?
Report No. 95-47 Review of the Administration of the Documentary Stamp Tax by the Department of Revenue, published in April 1996.
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