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FL S0060

Bill

Official Source

Status

Failed

3/10/2018

Primary Sponsor

Dorothy Hukill

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Reduces the tax rate on rental or license fees for real property use from 5.8 percent to 5 percent, effective January 1, 2019
  • Updates statutory language by replacing "shall" with "must" throughout the section for consistency with modern drafting standards
  • Applies the reduced 5 percent tax rate to non-monetary compensation for real property rentals, including property, goods, services, or other things of value
  • Makes technical grammatical changes to clarify the allocation methodology for mixed contractual arrangements involving both taxable and nontaxable payments

Legislative Description

Tax on Sales, Use, and Other Transactions

Last Action

Died in Community Affairs

3/10/2018

Committee Referrals

Community Affairs8/28/2017

Full Bill Text

No bill text available