Florida Reduces Sales Tax Rate on Commercial Rentals Effective December 1, 2023

• Florida’s state sales tax rate on commercial rentals decreases from 5.5% to 4.5% effective December 1, 2023
• The tax applies to the total rent charged for the privilege or right to use or occupy the real property
• Any local option discretionary sales surtax imposed by the county still applies
• The tax rate is based on when the tenant occupies or is entitled to occupy the property, not when the rent is paid
• The reduced tax rate does not apply to parking or storage of vehicles, boats, or aircraft.

Source: salestaxinstitute.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---