The Tide Goes Out On Florida Rental Tax

State Sales Tax Rate for Rental, Lease, or License to Use Real Property Decreases to 5.5% on January 1, 2020

The Florida Department of Revenue Tax Information Publication (TIP) 19A01-11 “State Sales Tax Rate for Rental, Lease, or License to Use Real Property Decreases to 5.5% on January 1, 2020” dated October 30, 2019, has been posted to the Department’s website.

Effective January 1, 2020, the state sales tax rate imposed under section 212.031, Florida Statutes, on the total rent charged for renting, leasing, letting, or granting a license to use real property is decreased from 5.7% to 5.5%. Some examples of real property rentals subject to tax under section 212.031, Florida Statutes, include commercial office or retail space, warehouses, and self-storage units or mini-warehouses.

To view TIP 19A01-11 click: https://revenuelaw.floridarevenue.com/LawLibraryDocuments/2019/10/TIP-122805_TIP_19A01-11_FINAL_RLL.pdf

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