SB 818 Summary

• Aligns Florida's sales and use tax laws with the Streamlined Sales and Use Tax Agreement (SSUTA) to reduce compliance burdens and simplify multistate tax administration

• Eliminates tax bracket calculations and shifts to rounding methodology; taxes computed to the third decimal place with rounding to nearest cent

• Creates provisions for certified service providers, certified automated systems, and model seller categories under SSUTA; establishes amnesty for sellers registering under the agreement

• Expands sourcing rules to determine where transactions occur; adds protections for sellers and purchasers relying on erroneous state-provided tax rate and jurisdiction data

• Makes substantial revisions to definitions, exemptions, and administration of sales and use taxes including updates to food, medical product exemptions, and transient rental provisions