FL S1368

Exempts common area maintenance charges from the 6 percent tax on real property rental and license fees when separately stated in a lease and do not exceed 5 percent of base rent.

Defines "common area maintenance charges" as amounts paid to the lessor exclusively used to maintain or repair portions of property dedicated for the use of all lessees.

Excludes from the common area maintenance charge definition any maintenance or repair costs required to be capitalized for federal tax purposes.

Clarifies that base rent, percentage rents, and similar charges are included in taxable rent regardless of their attribution to the lessor's ability to attract customers.

Takes effect July 1, 2015.