Florida Sales Tax Rate On Commercial Rent 2024. Effective december 1, 2023, florida’s state sales tax rate on commercial lease payments (including base rent and additional rent) will decrease from 5.5% to 4.5%. On december 1, 2023, florida’s commercial real property rent tax rate will be reduced from the current rate of 5.5% to 4.5%.
For instance, a commercial tenant in florida who prepaid their january 2024 rent in october 2023 will still benefit from the new, reduced sales tax rate of 4.5%. If there is a county discretionary sales surtax, then the country discretionary.
Florida State Sales Tax At The Rate Of 5.5%, Plus Any Applicable Discretionary Sales Surtax, Is Due On The Total Rent Charged For Renting, Leasing, Or Granting A License To Use.
Florida commercial renters and landlords can expect another sales tax rate reduction in 2024!
Effective December 1, 2023, Florida’s State Sales Tax Rate On Commercial Lease Payments (Including Base Rent And Additional Rent) Will Decrease From 5.5% To 4.5%.
You may think that after how awful the pandemic was, and how many people affected, that this may not be for years and years.
(As Of The Date Of This Article) * Florida Supreme Court.
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Florida State Sales Tax At The Rate Of 5.5%, Plus Any Applicable Discretionary Sales Surtax, Is Due On The Total Rent Charged For Renting, Leasing, Or Granting A License To Use.
The florida legislature has been working to reduce the sales tax on commercial rent to zero for several years now.
Those Costs Are Passed On To The Buyer,.
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