Florida House set to back online sales tax plan
Published article
TALLAHASSEE, Fla. - A plan that would use taxes on sales by out-of-state online retailers to help Florida businesses is ready for a vote in the House.
The measure (SB 50) would require out-of-state retailers to collect and remit Florida’s sales tax, producing an estimated $1 billion a year that would initially be used to replenish the state’s Unemployment Compensation Trust Fund, which became depleted during the COVID-19 pandemic. After the fund is replenished, the revenue would be used to make a major cut in a tax on commercial rent.
House set to back plan to collect online sales tax in Florida
By Jim Turner article
TALLAHASSEE, Fla. - A plan that would use taxes on sales by out-of-state online retailers to help Florida businesses is ready for a vote in the House.
The measure (SB 50) would require out-of-state retailers to collect and remit Florida’s sales tax, producing an estimated $1 billion a year that would initially be used to replenish the state’s Unemployment Compensation Trust Fund, which became depleted during the COVID-19 pandemic. After the fund is replenished, the revenue would be used to make a major cut in a tax on commercial rent.
Florida About to Impose Online Sales Tax on Out-of-State Retailers flaglerlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flaglerlive.com Daily Mail and Mail on Sunday newspapers.
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