- Florida will eliminate its sales tax on commercial leases starting October 1, 2025.
- The repeal removes both the 2% state sales tax and any local surtaxes on commercial lease payments, including rent, CAM fees, utilities, insurance, property taxes, and management fees.
- This change is expected to save Florida businesses up to $900 million per year.
- The repeal makes Florida more attractive for business expansion by lowering lease costs and simplifying budgeting.
- Businesses should review lease agreements, recalculate budgets, and consider Florida for future expansion.
Source: taxcloud.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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