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Real Estate

What Is the Current Sales Tax on Commercial Rentals in Florida?

The state sales tax on commercial real property and leases in Florida is set to decrease from 4.5% to 2% starting June 1, 2024. This reduction is part of broader efforts to support businesses in the state and does not affect local taxes imposed at the county level. It applies to payments received for occupancy periods beginning on or after June 1, 2024, and is expected to have a significant impact on operating costs for businesses leasing commercial real property in Florida.

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