Bill > S0384

This bill establishes a sales tax holiday for small businesses in Florida on Small Business Saturday, which is defined as November 28, 2015, from midnight to midnight. A "small business" is defined as a registered dealer with the Department of Revenue that began operations in Florida by March 3, 2015, and remitted less than $200,000 in sales tax under chapter 212 of Florida Statutes during a specific prior period. During this holiday, eligible small businesses can choose not to collect sales tax on tangible personal property, which refers to physical items that can be bought or sold, if the total sale price per customer for taxable items does not exceed $500. The Department of Revenue is authorized to adopt emergency rules to implement this act, and $200,000 is appropriated from the General Revenue Fund for the department to administer it, with the act taking effect on July 1, 2015.