FL S0902

Establishes a tiered exemption from the 5.8% tax on commercial real property rental or license fees, beginning at $10,000 annually on January 1, 2019 and increasing by $10,000 each year until reaching $90,000 by January 1, 2027.

Authorizes the Department of Revenue to review leases and licenses to determine taxable rental charges and adjust amounts as necessary to reflect the intent and terms of rental or license agreements.

Repeals Section 212.031 (the commercial real property rental tax) effective January 1, 2028, eliminating the tax entirely.

Removes air carriers' special apportionment rules for real property leases related to aircraft maintenance, making them subject to standard commercial real property tax provisions until repeal in 2028.

Removes commercial real property tax exemptions for the Florida Turnpike Enterprise and high-speed rail system as of January 1, 2028.