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.
Florida Legislature Votes To Eliminate Sales Tax On Commercial Leases Read More »
Gov. DeSantis’s proposal to eliminate Florida’s property taxes would have a big impact on homeowners, residents and businesses. So is this really going to happen? Right now, it’s too early to say. Eliminating property taxes would require a constitutional amendment, which means a 60% voter approval and a detailed plan to replace the lost funding.
What Eliminating Property Taxes Could Mean For Florida Homeowners Read More »
The Florida Policy Institute conducted a study on the effects of eliminating property taxes.
What Would Be The Impacts Of Eliminating Property Taxes In Florida? Read More »
