Business Rent Tax Reduction Takes Effect in June

A Business Rent Tax Reduction, slashing Florida’s commercial lease sales tax from 4.5% to 2.0%, starts on June 1, considerably earlier than expected. (This tax reduction was originally scheduled for July.) The change will offer Florida employers an estimated $1 billion in tax relief. The reduction, advocated for by Florida Realtors®, is the most significant since efforts began to lower the state's commercial lease tax, which was 6% before advocacy efforts. Since 2019, over 2.9 million new businesses have been established in Florida, with 2.5 million since January 2020.

Click here to read more about the commercial lease sales tax reduction.

Click here to learn why this tax reduction is a good thing for Florida.

If you'd like to discuss the Business Rent Tax Reduction and how it affects you, please call Barry at 561-880-5587 or click here to send an email.

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