Tax Reform, State Taxes, Florida

HB 7031 – Florida Eliminates State Sales Tax on Commercial Rent

Bilzin Sumberg on 7/3/2025

HB 7031 was adopted by the Florida legislature and signed into law by Governor DeSantis on June 30, 2025. Among other modifications to Florida tax law, the Bill repeals Section 212.031, Florida Statutes, which provided for...more

Florida Freedom Week Tax Holiday

Shumaker, Loop & Kendrick, LLP on 7/1/2021

July 1st, begins Freedom Week, the second of two new tax holidays put into place during Florida’s 2021 Legislative Session. Floridians were able receive tax breaks on disaster preparedness items during the month of May, and...more

Client Alert: Florida Tax Holiday

Shumaker, Loop & Kendrick, LLP on 6/1/2021

Floridians will now have access to new and extended tax breaks under the recently approved HB 7061. The bill, which is designed to make tax improvements for both families and businesses, was signed into law by Governor...more

Word Play: The Curious Case of Economic Nexus Legislation in Florida

Akerman LLP - SALT Insights on 3/23/2021

In June 2018, the United States Supreme Court in Wayfair held that the physical presence of the taxpayer was no longer a prerequisite for imposition of a sales tax. In so doing, the Court blessed the concept of “economic...more

Moving to the Sunshine State: Change of Domicile Planning Considerations

Bilzin Sumberg on 3/16/2021

Florida has long been known as a hot-spot for retirees and snowbirds to move for its sunny weather and beautiful beaches. In recent years, however, since the "SALT Deduction Cap" established by the 2017 Tax Cuts and Jobs Act...more

Taxes in Florida

Foodman CPAs & Advisors on 3/19/2018

The Sunshine State is one of the lowest tax burden states in the US. Florida has no state individual income tax. At the state level, there is NO tax on social security benefits, retirement income, IRAs, 401(k) accounts,...more