FL S0266

Reduces the communications services tax rate from 6.65% to 4.65% on retail sales of communications services that originate and/or terminate in Florida or are charged to a Florida service address.

Reduces the tax rate on direct-to-home satellite services from 10.8% to 8.8% of retail sales price.

Updates the combined collection rate for communications services taxes from 6.8% to 4.8% (comprised of 4.65% and 0.15%).

Changes the allocation of satellite service tax proceeds to the state from 63% to 54.5%, with the remaining portion directed to the Local Government Half Cent Sales Tax Clearing Trust Fund.

Applies to all taxable transactions on bills dated on or after January 1, 2015.