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FL S0302

Bill

Status

Failed

4/30/2021

Primary Sponsor

Commerce and Tourism

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Establishes a one-day sales tax holiday on November 27, 2021 (Small Business Saturday) for qualifying small businesses in Florida
  • Defines "small business" as a dealer registered and operating no later than January 8, 2021, who owed and remitted less than $200,000 in total sales tax for the one-year period ending September 30, 2021
  • Exempts retail sales of any tangible personal property priced at $1,000 or less per item from sales and use tax during the holiday period
  • Allows qualifying small businesses to opt out by notifying the Department of Revenue in writing by November 16, 2021, and posting a copy of that notice conspicuously at their place of business
  • Authorizes the Department of Revenue to adopt emergency rules to implement the holiday, effective for 6 months after adoption with renewal options

Legislative Description

Small Business Saturday Sales Tax Holiday

Last Action

Died in Appropriations

4/30/2021

Committee Referrals

Appropriations3/26/2021
Finance and Tax3/17/2021
Commerce And Tourism1/11/2021

Full Bill Text

No bill text available