FL S2552

Authorizes the Department of Revenue to contract with public or private vendors to develop and implement the Internet Sales Tax Automated Revenue Tracking (iSTART) program for collecting and administering sales and use taxes.

Requires the iSTART system to determine transaction taxability, calculate appropriate tax rates including local options, collect taxes due, and provide reporting methods to the department.

Mandates annual reports to the Governor, Cabinet, and Legislature detailing participating vendors, tax collections, and compensation paid under the iSTART program.

Establishes penalties for violating disclosure agreements as first-degree misdemeanors, with information disclosure governed by written agreements between the department and vendors.

Requires a 1 percent reduction in the state sales and use tax rate once iSTART collections are certified to reach at least $5 billion annually, with the reduction remaining in effect for years meeting that threshold.