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FL S0484
Bill
AI Summary
- Reduces the tax rate on rental or license fees for the use of real property from 6 percent to 5 percent
- Applies the 5 percent tax rate to payments made through property, goods, wares, merchandise, services, or other things of value used as rental or license fees
- Clarifies that payments for intrinsically valuable personal property such as franchises, trademarks, service marks, logos, or patents are excluded from taxation
- Requires reasonable allocation of payments in mixed contractual arrangements that include both taxable rent or license fees and nontaxable payments
- Takes effect on January 1, 2018
Legislative Description
Tax on Sales, Use, and Other Transactions
Last Action
Died in Appropriations Subcommittee on Finance and Tax
5/5/2017
Committee Referrals
Finance and Tax Appropriations Subcommittee4/4/2017
Community Affairs2/9/2017
Full Bill Text
No bill text available