FL S0140

Reduces the tax on rental or license fees for the use of commercial real property from 6% to 5%

Applies the reduced 5% rate when rental or license fees are paid through property, goods, services, or other things of value instead of cash

Makes technical changes to modernize statutory language (replacing "shall" with "must" and "in the case of" with "if")

Effective date: January 1, 2016