CS/HB 1241 Summary

• Requires tax collectors to accept late payments of prepaid property taxes through July 31 and eliminates the 5% late payment penalty previously imposed on late first installments.

• Establishes a Florida Certificate of Forwarding Agent Address program requiring forwarding agents engaged in international export to register as dealers, maintain records, and remit sales tax on property that remains in Florida or is delivered in-state.

• Allows dealers to accept valid forwarding agent certificates or rely on the Department of Revenue's online list of certified forwarding agents in lieu of collecting sales tax when property is shipped to a designated forwarding address.

• Permits aggregation of stolen sales tax revenue in determining the grade of criminal offenses related to tax theft, increasing penalties for dealers who fail to remit collected taxes.

• Takes effect January 1, 2022, with most provisions effective July 1, 2021; Department of Revenue authorized to adopt emergency rules through January 1, 2025.