FL H0721

Defines "small business" as a dealer registered with the Department of Revenue before December 31, 2015, that remitted less than $200,000 in total sales tax under chapter 212, Florida Statutes, for the 1-year period ending June 30, 2016.

Allows eligible small businesses to opt out of collecting sales tax on November 26, 2016 (12:00 a.m. to 11:59 p.m.) for individual items or articles of tangible personal property priced at $1,000 or less per item.

Authorizes the Department of Revenue to adopt emergency rules to administer the provisions of this act.

Appropriates $200,000 of nonrecurring funds from the General Revenue Fund to the Department of Revenue for fiscal year 2016-2017 to administer this act.

Takes effect July 1, 2016.