Florida Eliminates Sales Tax on Commercial Rent

Florida will eliminate its longstanding sales tax on commercial rents effective October 1, 2025, saving businesses an estimated $1.53 billion annually and benefiting office, retail, and warehouse leases.
Though reducing state revenue by over $900 million and local revenue by $623 million yearly, the tax cut is seen as a major win for small businesses and economic competitiveness.
The new law also includes permanent sales tax exemptions for disaster prep items, gold bullion, NASCAR tickets, and a month-long back-to-school tax holiday to benefit residents.