Finance
Florida's 'Documentary Stamp Tax' on a mortgage (intangible tax) was eliminated in 2007. What replaced it for mortgages?
ANothing — no state tax applies to mortgages in Florida
BThe documentary stamp tax on the promissory note ($0.35 per $100) replaced the former intangible tax✓ Correct
CA flat $500 mortgage recording fee
DA 1% mortgage origination tax
Explanation
Florida eliminated the annual intangible personal property tax in 2007. The documentary stamp tax on promissory notes ($0.
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