SB 204 Summary: Streamlined Sales and Use Tax Agreement

• Aligns Florida's sales and use tax laws with the Streamlined Sales and Use Tax Agreement by revising definitions, sourcing rules, and tax calculation methods to simplify multistate tax compliance

• Replaces tax bracket system with rounding method where tax is calculated to the third decimal place and rounded to the nearest cent, eliminating complex bracket tables

• Establishes new transaction sourcing rules in section 212.06(17) to determine where sales occur based on delivery location, business location, or customer address depending on product type and transaction characteristics

• Creates liability protections for sellers using certified service providers or certified automated systems and provides amnesty for uncollected taxes when sellers register under the agreement within 12 months

• Revises food and medical product exemptions with clearer definitions of taxable items (prepared food, soft drinks, candy, over-the-counter drugs) and defines new exempt categories (dietary supplements, durable medical equipment, mobility-enhancing equipment)