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Florida Statute 201.09 - Full Text and Legal Analysis
Florida Statute 201.09 | Lawyer Caselaw & Research
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The 2025 Florida Statutes

Title XIV
TAXATION AND FINANCE
Chapter 201
EXCISE TAX ON DOCUMENTS
View Entire Chapter
201.09 Renewal of existing promissory notes and mortgages; exemption.
(1) When any promissory note is given in renewal of any existing promissory note, which renewal note only extends or continues the identical contractual obligations of the original promissory note and evidences part or all of the original indebtedness evidenced thereby, not including any accumulated interest thereon and without enlargement in any way of the original contract and obligation, such renewal note shall not be subject to taxation under this chapter if such renewal note has attached to it the original promissory note with the proper notation thereon as required by s. 201.133. In order to be exempt from taxation under this section, a renewal note evidencing a term obligation shall not be executed by any person other than the original obligor and must renew and extend only the unpaid balance of the original contract and obligation. In order to be exempt from taxation under this section, a renewal note evidencing a revolving obligation shall not be executed by any person other than the original obligor and must renew and extend no more than the original face amount of the original contract and obligation. A renewal note evidencing a term obligation which increases the unpaid balance of the original contract and obligation but which otherwise meets the exemption criteria of this section is taxable only on the face amount of the increase. A renewal note evidencing a revolving obligation which increases the original face amount of the original contract and obligation but which otherwise meets the exemption criteria of this section is taxable only on the amount of the increase.
(2) When any mortgage, trust deed, security agreement, or other evidence of indebtedness evidences a promissory note which would not be subject to taxation pursuant to subsection (1), then such mortgage, trust deed, security agreement, or other evidence of indebtedness shall not be subject to taxation under this chapter.
(3) A note given in renewal of an adjustable rate note or mortgage which has an initial interest rate adjustment interval of not less than 6 months shall be subject to taxation only to the extent of any accrued interest upon which taxes have not previously been paid, notwithstanding the provisions contained in subsection (1).
History.s. 1, ch. 19068, 1939; CGL 1940 Supp. 1279(118); s. 7, ch. 79-350; s. 8, ch. 82-83; s. 9, ch. 83-267; s. 8, ch. 83-311; s. 11, ch. 90-132; s. 9, ch. 96-395; s. 3, ch. 97-123; s. 1, ch. 98-187.

F.S. 201.09 on Google Scholar

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Amendments to 201.09


Annotations, Discussions, Cases:

Cases Citing Statute 201.09

Total Results: 14  |  Sort by: Relevance  |  Newest First

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Ironworkers Local Union 68 v. Astrazeneca Pharm., LP, 634 F.3d 1352 (11th Cir. 2011).

Cited 113 times | Published | Court of Appeals for the Eleventh Circuit | 2011 U.S. App. LEXIS 4960, 2011 WL 833222

jurisdiction." (emphasis added)); 73 Pa.Stat. Ann. § 201-9.2(a) (West 2010) (creating a similar private right
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Leroy Freeman v. Richard S. Schweiker, Sec'y of Health & Human Servs., 681 F.2d 727 (11th Cir. 1982).

Cited 61 times | Published | Court of Appeals for the Eleventh Circuit | 1982 U.S. App. LEXIS 17021

...ion. Richardson v. Perales, 402 U.S. 389, 401 , 91 S.Ct. 1420, 1427 , 28 L.Ed.2d 842 (1971). Our decision finds support in regulations promulgated by the Secretary but not in effect at the time of Freeman’s hearing. See 20 C.F.R. § 201.00 (1981). Section 201.09 warrants classifying the claimant as disabled where (1) his maximum work capacity is limited to sedentary work, (2) he is closely approaching advanced age, (3) his education is limited, and (4) his employment history is confined to unskilled work....
...Freeman, an unskilled laborer who was age forty-nine at the time of his injury and is now in his mid-fifties, possesses a fourth grade education, can perform only limited sedentary work (if at all) and has an IQ of 62. Whether his classification is judged under section 201.09, or section 200.00(h), the outcome is disability....
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John Broz v. Richard S. Schweiker, Sec'y of Health & Human Servs., a Dep't of the United States Gov't, Richard D. Holmes v. Richard S. Schweiker, the Sec'y of Health & Human Servs., Corrine Little v. Richard S. Schweiker, Sec'y of the Dep't of Health & Human Servs., Thomas O. Jones v. Richard S. Schweiker, Sec'y, Dep't of Health & Human Servs., Fred Soesbe v. Richard S. Schweiker, Sec'y of Health & Human Servs., 677 F.2d 1351 (11th Cir. 1982).

Cited 44 times | Published | Court of Appeals for the Eleventh Circuit | 1982 U.S. App. LEXIS 18658

...7 For instance, the sedentary grid determines that a 50-year old claimant with no skills and limited education is disabled, while a 49-year old claimant with the same characteristics is not disabled. Compare 20 C.F.R. part 404, subpart P, Appendix 2 § 201.09 with id....
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Turk v. St. Petersburg Bank & Trust Co., 281 So. 2d 534 (Fla. 2d DCA 1973).

Cited 28 times | Published | Florida 2nd District Court of Appeal | 13 U.C.C. Rep. Serv. (West) 383

...We, of course, have read the record, particularly that portion cited by appellee, and we simply do not find any conflict in the testimony. It is clear that Mr. Applegate agreed that the second note could be substituted for the first note and that by complying with F.S. § 201.09, F.S.A., further stamps would be unnecessary....
...One is that a man in the position of appellant here would never be able to limit his liability of indebtedness to a bank for the reason that the bank could ignore, as was done here, any contractual limitations, nor would he be able to rely on the clear intent of F.S. § 201.09, F.S.A....
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State, Dep't of Revenue v. McCoy Motel, Inc., 302 So. 2d 440 (Fla. 1st DCA 1974).

Cited 7 times | Published | Florida 1st District Court of Appeal

...Appellee then brought suit for declaratory and injunctive relief against appellant. Appellee contends that the second note incorporated the first note and that the second note was in part merely a substitution for the first note and therefore constituted an exempt renewal note within the meaning of § 201.09, Florida Statutes....
...This, however, ignores the requirement of § 201.08(1), supra, that the tax be paid on renewal notes. The tax is payable regardless of whether or not a part or all of the obligation of a renewal note was subjected to the stamp tax in the original note unless the renewal note comes within the terms of § 201.09, Florida Statutes, which we will discuss further below....
...The fact that the document incorporates a preexisting promise to pay is not controlling as to its taxability so long as the pre-existing promise to pay is part of the legally enforceable obligation of the document, unless, as aforesaid, it falls within the exemption of § 201.09, supra. That statute provides as follows: "201.09 Renewal of existing promissory note; exemption....
...ed to it the original promissory note with canceled stamps affixed thereon showing full payment of the tax due thereon." (Emphasis supplied) To rule that a note which includes the obligation of another note (and does not fall within the exemption of § 201.09, supra) is exempt from the tax would fly in the face of the very terms of the statute which taxes renewal notes — § 201.08(1), supra. It was clearly the legislative intent of § 201.08(1), supra, to tax a renewal note for the full amount of the obligation if it included the obligation of another note and was not covered by the exemption of § 201.09, supra. Here the second note obviously enlarged the obligation of the first note, is therefore not exempt under § 201.09, supra....
...t that a tax is not due on that portion of the obligation which includes the obligation of the previous note, but these opinions do not deal with situations such as that presented here. They relate to renewal notes which come within the exemption of § 201.09, supra — second notes which do not increase the obligation of the original note (or notes) and which are renewed by the second note....
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Broz v. Schweiker, 677 F.2d 1351 (11th Cir. 1982).

Cited 1 times | Published | Court of Appeals for the Eleventh Circuit

Compare 20 C.F.R. part 404, subpart P, Appendix 2 § 201.09 with id. at § 201.18. See, e.g., Cummins v. Schweiker
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Mickler v. Maranatha Realty Assocs., Inc. (In re Mickler), 20 B.R. 346 (Bankr. M.D. Fla. 1982).

Published | United States Bankruptcy Court, M.D. Florida | 1982 Bankr. LEXIS 4205

expenses for lenders as well as borrowers. Section 201.09, Florida Statutes does not require documentary
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Prophet v. Int'l Lifestyles, Inc., 778 F. Supp. 2d 1358 (S.D. Fla. 2011).

Published | District Court, S.D. Florida | 2011 U.S. Dist. LEXIS 41341, 2011 WL 1388576

and First Fitness. (D.E. 224 & 227.) [2] Section 201-9.2 of the UTPCPL provides in pertinent part that
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Ironworkers Local Union 68 v. Astrazeneca Phar. (11th Cir. 2011).

Published | Court of Appeals for the Eleventh Circuit

” (emphasis added)); 73 Pa. Cons. Stat. Ann. § 201-9.2(a) (West 2010) (creating a similar private right
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State, Dep't of Revenue v. Miami Nat'l Bank, 374 So. 2d 1 (Fla. 1979).

Published | Supreme Court of Florida | 1979 Fla. LEXIS 4683

promissory note from documentary stamp tax under section 201.09, Florida Statutes (1975). State of Florida
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Pelullo v. Intercontinental Bank, 573 So. 2d 193 (Fla. Dist. Ct. App. 1991).

Published | District Court of Appeal of Florida | 1991 Fla. App. LEXIS 380, 1991 WL 4347

PER CURIAM. Affirmed. § 201.09(1), Fla.Stat. (1989); Fla.Admin.Code Rule 12B-4.053(29), 12B-4.054(1)(b)
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Am. Nat'l Bank of Florida v. Dep't of Revenue, 593 So. 2d 1173 (Fla. Dist. Ct. App. 1992).

Published | District Court of Appeal of Florida | 1992 Fla. App. LEXIS 1242, 1992 WL 25875

question did not qualify for tax exemption under Section 201.09, Florida Statutes (1985), and therefore affirm
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State Dep't of Revenue v. Miami Nat'l Bank, 354 So. 2d 84 (Fla. Dist. Ct. App. 1977).

Published | District Court of Appeal of Florida | 1977 Fla. App. LEXIS 17285

it fell within the exemption provisions of Section 201.09, Florida Statutes; hence this appeal by the
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NCNB Nat'l Bank of Florida v. Dep't of Revenue, 523 So. 2d 738 (Fla. Dist. Ct. App. 1988).

Published | District Court of Appeal of Florida | 1988 Fla. App. LEXIS 1559, 1988 WL 32906

from documentary stamp tax under provisions of section 201.09, Florida Statutes (1983). We conclude that

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