SALES TAX ON COMMERCIAL LEASES TO BE REDUCED ON DECEMBER 1, 2023 (AND POTENTIALLY AGAIN IN 2024)
As a reminder, sales tax due on commercial lease payments will soon be reduced. 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%. The reductions are a result of House Bill 7063, which was…