FL S0256

Reduces the tax rate on communications services from 4.92% to 2.92% for services originating and/or terminating in Florida or charged to a Florida service address.

Reduces the tax rate on direct-to-home satellite services from 9.07% to 7.07%.

Changes the combined collection rate for dealers from 5.07% to 3.07% (composed of 2.92% and 0.15% rates).

Reduces the state allocation of direct-to-home satellite service tax proceeds from 55.9% to 43.4% of the remainder.

Applies to taxable transactions on bills dated on or after July 1, 2016, with effective date of July 1, 2016; authorizes Department of Revenue to adopt emergency rules through July 1, 2019.