Following our recent update on Florida’s repeal of sales tax on commercial real estate leases, we’re taking a closer look at what this change means for landlords, tenants, brokers, and property managers....more
After years of reducing the sales tax rate on commercial real property lease payments, the Florida Legislature recently passed HB 7031, which eliminates sales tax on commercial real property rentals....more
Effective June 1, 2024, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 4.5% to 2.0% for payments received for occupancy periods...more
Effective December 1, 2023, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 5.5% to 4.5% for payments received for occupancy...more
With Hurricane Dorian forecasted to make landfall along Florida’s east coast sometime this week, Sunshine State landlords and tenants should take a few moments this weekend to review their leases to ensure that they are aware...more
9/3/2019
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Late Friday, Governor Rick Scott signed Senate Bill 620 into law, further reducing the State of Florida’s sales tax rate on rental payments for the lease of commercial real property. ...more