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Bill > S1642


FL S1642

FL S1642
Sales Tax on Commercial Real Property Rentals


summary

Introduced
03/01/2019
In Committee
03/08/2019
Crossed Over
Passed
Dead
05/03/2019

Introduced Session

2019 Regular Session

Bill Summary

Reducing the rate of the tax, etc.

AI Summary

This bill reduces the sales tax rate on commercial real property rentals in the state of Florida from 5.7% to 5.5%. The tax is levied on the total rent or license fee charged for the use of such real property, including base rent, percentage rents, and similar charges. The bill also clarifies that payments for certain types of personal property, such as franchises and trademarks, are not subject to the sales tax. The changes made by this bill will take effect on July 1, 2019.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Died in Commerce and Tourism (on 05/03/2019)

bill text


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