Sales

Florida Legislature Votes To Eliminate Sales Tax On Commercial Leases

Currently, commercial leases are subject to a 2% state sales tax. plus local option taxes of 1%–1.5%, resulting in a combined rate of 3%–3.5%. Florida lawmakers just passed HB 7031, a bill that—if signed by Governor Ron DeSantis—would fully repeal both the state and local portions of the tax, rather than just reduce them further.

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