Sales Tax Reduction on Leases

On behalf of BOMA Florida to BOMA FTL/PB Members.

The Florida Department of Revenue released their announcement of the sales tax reduction on leases from 6% to 5.8%.

Please see the below link with the official notification from the Florida Department of Revenue verifying that this reduction includes all leases wherein the commercial tenant occupies space as of January 1st, 2018. Also, note that this is regardless of when payment is paid. For example, if January 2018 rental payments are paid in December 2017, the reduction still applies. 

We hope this clears up some miscommunications from the media in the past. We recommend that you forward this to your owners as well as your accounting departments.

Thank you!
Chris Rotolo, President - BOMA Florida


Read the Tax Information Publication here.  

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