- 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
Source: salestaxinstitute.com
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.
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