FL S0712

Establishes a one-day sales tax holiday on November 27, 2022, for qualifying small businesses in Florida.

Defines "small business" as a dealer registered with the Department of Revenue by January 8, 2022, that remitted less than $100,000 in total sales tax to the state during the 1-year period ending September 30, 2022.

Exempts small businesses from collecting sales tax on retail sales of tangible personal property priced at $500 or less per item during the November 27, 2022 holiday period (12:01 a.m. through 11:59 p.m.).

Allows small businesses to opt out of the tax holiday by notifying the Department of Revenue in writing by November 16, 2022, and posting notice at their place of business.

Authorizes the Department of Revenue to adopt emergency rules to implement the tax holiday, effective for 6 months and renewable during permanent rulemaking procedures.