July, 2019

Florida Sales Tax on Commercial Leases Reduced in January 2020

By Jackson Law Group
July 1st, 2019

Posted in Business & Corporate Law,Real Estate Law

Good news for Commercial Landlords, the reduction on state level sales taxes continues to decline. Florida is reducing the state-level sales tax rate on commercial leases for occupancy periods beginning on or after January 1, 2020 down to 5.5%.  

However, counties are still imposing the local option surtax so be careful to check your county’s guidelines. The local option surtax varies between 0.5% to 1% for those counties that impose it.  Currently, for 2019 St. Johns County has an additional 0.5% surtax.

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