Florida Keeps 2021 Sales Tax on Commercial Leases at Prior Year Level by Christopher Sanz, JD, LLM

Posted on March 25, 2021

One more consequence of the COVID-19 pandemic has been the inability of Florida lawmakers to enact legislation reducing the state’s sales tax on office, retail, warehouse and certain storage property leases in 2021. Consequently, owners of commercial real estate located in Florida must continue to charge and remit to the state a 5.5 percent sales tax on the rent they receive from their tenants, plus any local surtax. It is expected that the state’s legislature will continue to reduce the commercial rent tax rent in 2021, especially as out-of-state residents and businesses continue to flee high tax states and relocated to Florida.

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