Bill > S0060

This bill reduces the tax levied on rental or license fees charged for the use of real property in Florida from 5.8% to 5%. Specifically, the bill amends the existing law to change the tax rate on the total rent or license fee charged for real property from 5.8% to 5%. Additionally, the bill clarifies that the tax applies to both base rent and percentage rents or similar charges, and that the tax does not apply to payments for intrinsically valuable personal property like franchises, trademarks, or patents. The bill also specifies that the tax should be based on a reasonable allocation of taxable and non-taxable payments under a contractual arrangement. The bill takes effect on January 1, 2019.

Health and Social Services

http://www.flsenate.gov/Session/Bill/2018/60