Committee restores $60 million in doc-stamp revenue to Transportation Trust Fund

Representative (presiding) and the sponsor explained a conforming bill, PCB tted2601, that redirects a $60,000,000 portion of documentary stamp tax collections from general revenue to the State Transportation Trust Fund. The sponsor said the measure restores a distribution eliminated in the 2025 session and results in an increase in total documentary stamp deposits for transportation from $360,000,000 to $420,000,000, with a corresponding negative impact on general revenue.

Ranking member Hart Lohman asked why the $60 million is being restored after a prior reduction; sponsors said an analysis of expenditures and infrastructure needs prompted restoring the funds to keep Florida "back on track." When asked whether DOT will allocate the funds to public transportation needs, the sponsor said DOT manages the expenditures from the trust fund and will spend the allocated amount; the committee did not provide a line-by-line allocation in the hearing.

There was no public testimony on the PCB. The sponsor closed and the committee reported the conforming bill favorably. The transcript records projected amounts and the sponsor's fiscal description; it does not include a detailed appropriation schedule or a line-by-line plan for DOT expenditures.