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Florida’s Commercial Rent Sales Tax Reduction: A Game Changer for Businesses

Effective June 1, 2024, Florida will implement a significant reduction in the sales tax rate on commercial real property lease payments, lowering it from 4.5% to 2.0%. This substantial decrease is poised to have far-reaching impacts on both commercial tenants and landlords, making Florida an even more attractive destination for businesses and investors. What the […]