- Florida Department of Revenue released Tax Information Publication 24A01-02 on April 8, 2024
- State sales tax on rent for commercial properties reduced from 4.5% to 2.0% effective June 1, 2024
- New tax rate applies to all rental payments for occupancy after June 1st
- Tax rate applies to commercial retail or offices, warehouses, self-storage units, and mini-warehouses
- Does not apply to residential properties or short-term residential rentals
- Commercial tenants still obligated to pay county tax on commercial rent
- County tax rates vary depending on the county where the property is located.
Source: deanmead.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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