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
As part of the proposed $115.6 billion state budget for fiscal year 2025-26, Governor DeSantis has outlined a plan to eliminate Florida's longstanding commercial rent sales tax. This proposal continues Florida's tax reduction...more
2/5/2025
/ Business Taxes ,
Commercial Leases ,
Commercial Property Owners ,
Governor DeSantis ,
Proposed Legislation ,
Rental Property ,
Sales Tax ,
State and Local Government ,
State Budgets ,
State Taxes ,
Tax Reform
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
On April 19, 2021, Florida Governor Ron DeSantis signed into law Senate Bill 50 (SB 50), which amends portions of Chapter 212, Florida Statutes. SB 50 is slated to significantly reduce Florida’s commercial leasing sales tax...more
5/10/2021
/ Commercial Leases ,
Commercial Property Owners ,
E-Commerce ,
Florida ,
Internet Retailers ,
Out-of-State Companies ,
Sales Tax ,
State and Local Government ,
Tax Liability ,
Tax Rates ,
Tax Reform
A recent Florida Supreme Court decision found that the Hillsborough County 1% transportation sales surtax is unconstitutional. As a result, the decision reduced the sales tax rate on commercial lease payments in Hillsborough...more
3/24/2021
/ Commercial Leases ,
Commercial Property Owners ,
Constitutional Challenges ,
Department of Revenue ,
Florida ,
Landlords ,
Sales Tax ,
State and Local Government ,
State Constitutions ,
Surtax ,
Tax Liability ,
Tax Rates ,
Tax Reform