- 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
Latest Posts in "United States"
- Washington State Imposes Sales Tax on Advertising Services, Affecting Digital Marketing Compliance
- 2025 Sales Tax Overhaul: New Rules Impacting Digital Services, Bullion, and Consumer Goods
- States Charging Fees for Sales Tax Permit Registration: A Comprehensive Guide
- Guide to Registering for a West Virginia Sales Tax Permit: Steps and Requirements
- Florida Repeals Sales Tax on Commercial Rentals Effective October 1, 2025
