Florida Decreases Sales Tax Rate on Commercial Rentals Effective June 1, 2024

Florida’s state sales tax rate on commercial rentals decreases from 4.5% to 2.0% effective June 1, 2024
The previous decrease in sales tax rate on commercial rentals was from 5.5% to 4.5% effective December 1, 2023
Sales tax is due based on the rate in effect when the tenant occupies or is entitled to occupy the real property
The reduced state sales tax rate on commercial rentals does not apply to transient rentals, parking or storage spaces, docking or storage spaces for boats, or tie-down or storage space for aircraft

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.