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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.


    Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
    e-mail address: oppaga@oppaga.fl.gov


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