10/19/2023
There's great news for businesses that lease commercial property in Florida. Starting December 1, 2023, the sales tax rate (state portion) assessed on commercial rents is dropping from 5.5% to 4.5%, thanks to Governor DeSantis' signing House Bill 7063 into law earlier this year.
The local sales tax rate (in Leon County) will remain at 1.5%, which will bring the total sales tax due on commercial rents to 6%.
For more information, visit: https://www.floridasalestax.com/florida-tax-law-blog/2023/august/2023-fl-sales-tax-rate-on-commercial-rent-is-goi/
Jeff Billingsley - Commercial Realtor Tallahassee
Commercial Realtor/Broker Associate
Craig Commercial Realty
3360 Capital Circle NE Suite A
Tallahassee, Florida 32308
[email protected]
(850) 668-3333 Office