- Legislative Changes: Effective July 1, 2025, Florida enacted H.B. 7031, repealing sales tax on commercial real property rentals, extending data center property exemptions, and introducing exemptions for aviation fuel and sales tax holidays.
- Impact on Businesses: The repeal reduces tax exposure for commercial landlords and tenants, providing new opportunities for tax savings through expanded exemptions and sales tax holidays, particularly for businesses involved in aviation and exports.
- Next Steps for Compliance: Landlords and tenants should prepare for the repeal’s effective date of October 1, 2025, ensuring no sales tax is collected on commercial rentals, ceasing payments on aviation fuel tax, and assessing eligibility for new exemptions and audit processes.
Source PwC
