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New Florida Law Expected to Significantly Reduce Florida s Commercial Lease Sales Tax Rate | Lowndes

To embed, copy and paste the code into your website or blog: 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 rate and reemployment tax rate and to provide some much-needed relief to Florida businesses. Under SB 50, out–of–state online retailers who expect to make over $100,000 in remote sales are required to collect and remit the state’s 6% sales tax on such online sales. This legislation brings Florida in line with the 48 other states that have elected to take advantage of the 2018 U.S. Supreme Court ruling in 

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