VATupdate

Share this post on

New Florida Bill Has Sweeping Sales Tax Ramifications

In Florida, on Friday, May 6th, 2022, Gov. Ron DeSantis signed into law HB 7071, a bipartisan effort to reduce sales tax rates across a number of product categories – otherwise known as a sales tax holiday. Some of these changes only affect sales tax rates for a week, while others institute changes for an entire year, or longer.

For retailers selling to Floridians, this helpful list can guide you into charging the correct amount of sales tax for every purchase for these time periods. For information on other state’s sales tax holidays in 2022, we’ve compiled this handy article.

Source: taxjar.com

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com