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Bill > H0247


FL H0247

FL H0247
Taxes on Real Property


summary

Introduced
09/25/2015
In Committee
10/07/2015
Crossed Over
Passed
Dead
03/11/2016

Introduced Session

2016 Regular Session

Bill Summary

Reduces tax levied on rent or license fees charged for use of real property.

AI Summary

This bill amends Florida Statute 212.031 to reduce the tax levied on rent or license fees charged for the use of real property. Specifically, it changes the tax rate from a higher percentage to 5 percent for both direct rental or license fee payments and for payments made in the form of property, goods, services, or other value. This change, which aims to lower the tax burden on real property rentals, will take effect on January 1, 2017.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Died in Finance and Tax Committee (on 03/11/2016)

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