FL H0247

Reduces the tax rate on rent or license fees charged for the use of real property from 6 percent to 5 percent under Florida Statutes section 212.031(1)(c)

Reduces the tax rate on rental or license fees paid by way of property, goods, wares, merchandise, services, or other thing of value from 6 percent to 5 percent under section 212.031(1)(d)

Maintains existing rules regarding what constitutes taxable rent or license fees, including base rent, percentage rents, and similar charges, while excluding payments for intangible property such as franchises, trademarks, service marks, logos, and patents

Takes effect January 1, 2017