1. (1) Assignment of Bond: An instrument merely representing an assignment of a bond is not taxable.
2. (2) Surety Bonds. Indemnity, fidelity, and surety bonds are not taxable.
3. (3) Bond Issued in Another State. Where all steps in the issuance of a bond take place outside Florida, the bond is not taxable. However, where bonds are secured by a mortgage or trust deed recorded in Florida, the mortgage or trust deed is taxable under Section 201.08(1)(b), F.S.
4. (4) Governmental Bonds. All bonds issued or sold by federal or state agencies, counties, municipalities, or any political subdivisions are exempt.

Rulemaking Authority 201.11(1), 213.06(1) FS. Law Implemented 201.07 FS. History–New 8-18-73, Formerly 12A-4.43, Amended 12-26-77, Formerly 12B-4.43, Amended 12-5-89, 12-30-97, 1-25-26.