Bill > H7031

This bill proposes comprehensive reductions to various sales tax rates across multiple categories in Florida, generally decreasing the tax rate from 6% to 5.25% for most transactions. Specifically, the bill reduces sales tax rates for a wide range of services and transactions, including transient rentals, admissions, tangible personal property sales, electrical power, coin-operated amusement machines, detective and protection services, coin and currency exchanges, diesel fuel, service warranties, and flyable aircraft. For electrical power specifically, the tax rate is reduced from 4.35% to 3.6%. The bill also adjusts the calculation methods for vending machine sales taxes to reflect the new lower rate. Additionally, the bill authorizes the Department of Revenue to adopt emergency rules to implement these changes and provides an effective date of July 1, 2025, with some provisions taking effect immediately upon becoming law. The purpose appears to be to provide tax relief to consumers and businesses by lowering the overall sales tax burden across multiple sectors of the economy.

Ways & Means Committee (H)

https://www.flsenate.gov/Session/Bill/2025/7031