FL S1236

Creates a one-day sales tax holiday on November 26, 2016 (Small Business Saturday) for qualifying small businesses in Florida

Defines "small business" as a dealer registered with the Department of Revenue by January 11, 2016, that owed and remitted less than $200,000 in total sales tax under Chapter 212 for the year ending September 30, 2016

Exempts retail sales of tangible personal property priced at $1,000 or less per item from sales tax collection during the holiday

Allows small businesses to opt out of the tax holiday and continue collecting sales tax on November 26, 2016 if they choose

Appropriates $200,000 in nonrecurring funds from the General Revenue Fund to the Department of Revenue to administer the program