- Florida will eliminate sales tax on commercial rent starting October 1, 2025
- House Bill 7031 was approved for this tax repeal
- The tax on business rent was unique to Florida since 1969
- The repeal aims to enhance Florida’s business competitiveness
- The current tax rate is 2 percent on commercial rent
- The new law prevents local governments from imposing similar taxes
- Businesses should review lease agreements for tax applicability before the repeal
- Other tax changes include repealing the aviation fuel tax and delaying a natural gas fuel tax
- These changes reflect Florida’s commitment to a pro-business tax policy
- Karen A. Lake, CPA, is a tax specialist and director at Berkowitz Pollack Brant Advisors and CPAs
Source: bpbcpa.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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