Effective June 1, 2024, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 4.5% to 2.0% for payments received for occupancy periods...more
Effective December 1, 2023, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 5.5% to 4.5% for payments received for occupancy...more
On April 19, 2021, Florida Governor Ron DeSantis signed into law Senate Bill 50 (SB 50), which amends portions of Chapter 212, Florida Statutes. SB 50 is slated to significantly reduce Florida’s commercial leasing sales tax...more
5/10/2021
/ Commercial Leases ,
Commercial Property Owners ,
E-Commerce ,
Florida ,
Internet Retailers ,
Out-of-State Companies ,
Sales Tax ,
State and Local Government ,
Tax Liability ,
Tax Rates ,
Tax Reform
A recent Florida Supreme Court decision found that the Hillsborough County 1% transportation sales surtax is unconstitutional. As a result, the decision reduced the sales tax rate on commercial lease payments in Hillsborough...more
3/24/2021
/ Commercial Leases ,
Commercial Property Owners ,
Constitutional Challenges ,
Department of Revenue ,
Florida ,
Landlords ,
Sales Tax ,
State and Local Government ,
State Constitutions ,
Surtax ,
Tax Liability ,
Tax Rates ,
Tax Reform
The Paycheck Protection Program included in the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) allows businesses with 500 or fewer employees to receive federally-guaranteed loans to pay payroll costs,...more
4/8/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Documentary Stamp Tax ,
Executive Orders ,
Federal Loans ,
Financial Stimulus ,
Florida ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
State and Local Government ,
Tax Relief
Here’s how the recent legislative changes will affect you:
Spousal Homestead Transfer -
A new law signed by Governor DeSantis extends the documentary stamp tax exemption for the conveyance of homestead property between...more
If convenience wasn’t reason enough for you to shop online, the sales tax saving probably was. Not anymore after Justice Kennedy’s final majority opinion for the Supreme Court in the South Dakota v. Wayfair case....more
7/10/2018
/ Appeals ,
Commerce Clause ,
Constitutional Challenges ,
Internet Retailers ,
Interstate Commerce ,
Out-of-State Companies ,
Physical Presence Test ,
Quill ,
Reversal ,
Sales & Use Tax ,
SCOTUS ,
South Dakota v. Wayfair ,
Substantial Nexus
Late Friday, Governor Rick Scott signed Senate Bill 620 into law, further reducing the State of Florida’s sales tax rate on rental payments for the lease of commercial real property. ...more
In This Presentation:
- Basic Rules
- Determination of Residency for Estate Tax purposes
- Tax Rules
- Estate and Gift Tax Treaties
- Asset Situs Rules
- Taxation of Life Insurance...more