FOR IMMEDIATE RELEASE
April 3, 2017
Contact: Elizabeth Fetterhoff – 850.661.8005
SENATOR HUKILL: COMMERCIAL LEASE SALES TAX BILL PASSES COMMUNITY AFFAIRS COMMITTEE
TALLAHASSEE – Senator Dorothy L. Hukill’s (R-Port Orange), Senate Bill 484 has passed Community Affairs, its first committee of reference.
The legislation will reduce the sales tax on commercial leases. Florida currently requires that a 6% sales tax be collected from businesses that lease real property, and is the only state that collects such a tax. Senator Hukill’s legislation would reduce the applicable sales tax by 1%. The reduction would provide much needed financial relief to businesses that are burdened by this tax. It would also decrease the disadvantage Florida’s businesses are at compared to other states that do not charge this tax.
“Florida businesses are at a distinct disadvantage compared to every other state with the burden of the commercial lease sales tax,” said Senator Hull. “Reducing the burden will allow Floridian’s to grow their businesses, create jobs and be more competitive.”
The bill will be heard next in the Appropriations Subcommittee on Finance and Tax.