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FL S0396
Bill
AI Summary
- Expands the existing sales tax exemption for leased or rented commercial motor vehicles to include any motor vehicle (as defined in s. 316.003) that is used primarily in the trade or established business of the lessee or rentee
- The exemption applies only to leases or rentals of 12 months or longer where sales tax was already paid on the vehicle's sales price by the lessor
- Current law already exempts commercial motor vehicles leased for 12+ months from the 6% sales tax when the lessor paid tax at purchase; this bill broadens that exemption to non-commercial business-use vehicles
- If tax was paid on the vehicle purchase in another state or U.S. territory, the Florida tax owed by the lessor is reduced accordingly under existing credit provisions
- Effective date is July 1, 2023
Legislative Description
Sales Tax on Motor Vehicle Leases and Rentals
Last Action
Died in Commerce and Tourism
5/5/2023
Full Bill Text
No bill text available