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Maximize Your Legacy: Take Advantage of the High Estate and Gift Tax Exemption Sunset

As part of the Tax Cuts and Jobs Act (TCJA), the estate and gift tax exemption was doubled for tax years 2018-2025. In 2018, the exemption doubled from $5.49 million in 2017 to $11.18 million in 2018, and that amount has been...more

Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024

The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use...more

Florida State Sales Tax on Commercial Real Property Leases Decreases on Dec. 1, 2023

Florida Gov. Ron DeSantis signed House Bill (HB) 7063 into law on May 25, 2023, which provides short-term and long-term tax relief for Florida taxpayers. (See Holland & Knight's previous alert, "Florida Gov. Ron DeSantis...more

Florida Gov. Ron DeSantis Signs 2023 Tax Bill into Law

Florida Gov. Ron DeSantis signed House Bill (HB) 7063 into law on May 25, 2023, providing short-term and long-term tax relief for Florida taxpayers. The legislation provides approximately $1.3 billion in tax breaks to Florida...more

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