Florida Rental Rates and Credits

by DMA Staff | Sep 21, 2018
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The sales tax rate for real property leases and rentals will decrease effective January 1, 2019. The original rate of 5.8% will decrease to 5.7%. This does not include discretionary surtax. The tax is effective when the tenant is entitled to occupy the property, not when the first payment is made.  

Also, regarding commercial rental rates, effective October 1, 2018, the state is sponsoring the Florida Sales Tax Credit Scholarship Program. This program will offer credit toward the state sales tax paid on real property leases and rentals if the lessor contributes funds to an eligible nonprofit scholarship driven organization. See TIP 18A01-15 for instructions.

This article is part of DMA's Completely Compliance quarterly newsletter. Stay up to date with sales and use tax news, events, and information by signing up for the newsletter here.