Florida Dept. of Revenue v. Piccadilly Cafeterias Inc.

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Exemption for state stamp tax did not apply to post-petition, pre-confirmation transfers.
Procedural posture: 
Petitioner state revenue department challenged a bankruptcy court's summary judgment in favor of respondent debtor, which granted an exemption under 11 U.S.C.S. § 1146(a) for assets transferred after it had filed for bankruptcy but before its chapter 11 plan was confirmed. The United States Court of Appeals for the Eleventh Circuit affirmed. Certiorari was granted to resolve a conflict among the circuits.
Issue: 
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Commercial case opionion summary, case decided on June 16,2008, LexisNexis #0708-068