HB 455 Summary: Streamlined Sales and Use Tax Agreement

• Implements Streamlined Sales and Use Tax Agreement: Florida joins multi-state cooperative framework to simplify sales tax administration by establishing uniform definitions, tax sourcing rules, and registration procedures for sellers across member states.

• Eliminates Bracket System: Replaces complex tax bracket calculations with rounding method—tax computed to third decimal place and rounded to nearest whole cent—simplifying compliance for dealers.

• Establishes Transaction Sourcing Rules: Defines where transactions occur based on product type and delivery location (e.g., delivery address for tangible goods, property location for real property rentals, event location for admissions).

• Creates Model Seller Classifications: Introduces three compliance models—Model 1 (certified service provider handles all functions), Model 2 (certified automated system with seller responsibility), and Model 3 (large sellers with proprietary systems)—with corresponding liability protections.

• Provides Tax Amnesty and Harmonized Rules: Grants amnesty for uncollected taxes to sellers registering under agreement; revises food/beverage and medical product exemptions; and removes prior mail-order sales provisions to conform with streamlined system.