SB 1466 Florida Senate · 2025 Regular Session

My Safe Florida Home Trust Fund/Department of Financial Services

Summary

My Safe Florida Home Trust Fund/Department of Financial Services; Creating the My Safe Florida Home Trust Fund within the Department of Financial Services; requiring that a certain percentage of specified insurance premium tax be distributed into the fund; providing for future review and termination or re-creation of the trust fund, etc.

Issues: ✓ Budget & Taxes

Bill status died 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 10, 2025 Last action Jun 16, 2025

Maddy AI version diff · 1 comparison

What changed between versions

S 1466 Filed → S 1466 c1 · 4 edits

MODERATE

The bill was amended to change the funding source from state sales tax to insurance premium tax, increase the contribution percentage from 5% to 20%, and add committee attribution details. These changes significantly increase the potential funding amount for the hurricane recovery trust fund while shifting the revenue source to the insurance industry.

Scope change

The bill's scope expanded to include insurance premium tax as the funding source instead of sales tax, affecting which industries contribute to the fund.

FISCAL

Changed funding source from 5% of state sales tax to 20% of insurance premium tax collected under specific Florida statutes.

Increased the contribution percentage from 5% to 20%, substantially increasing potential revenue for the trust fund.

TECHNICAL

Added committee attribution information and document metadata headers to the bill text.

REQUIREMENT

Updated bill title summary to reflect the change from sales tax to insurance premium tax as the funding mechanism.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 1, 2025

Upper · Passed

Pending reference review under Rule 4.7(2) - (Committee Substitute)

upper

Mar 26, 2025

Upper · Passed

On Committee agenda-- Banking and Insurance, 03/31/25, 1:30 pm, 412 Knott Building

upper

Mar 10, 2025

Introduced

upper

Mar 6, 2025

Committee

Referred to Banking and Insurance; Finance and Tax; Appropriations

upper

1 primary · 0 co-sponsors