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FL H0337
Bill
Status
Failed
3/8/2024
Primary Sponsor
Rick Roth
Click for details
AI Summary
- Expands the existing sales tax exemption for long-term motor vehicle leases (12 months or more) beyond commercial motor vehicles to include any motor vehicle used primarily in the trade or established business of the lessee or rentee
- Requires that the lessor must have paid sales tax on the original purchase price of the vehicle for the exemption to apply
- Reduces the Florida tax owed if sales tax was already paid on the vehicle's purchase in another state, U.S. territory, or the District of Columbia, per s. 212.06(7)
- Limits the exemption to situations where the lease or rental of motor vehicles is an established business, part of an established business, or incidental/germane to such business
- Effective date of July 1, 2024
Legislative Description
Sales Tax on Motor Vehicle Leases and Rentals
Last Action
Died in Commerce Committee
3/8/2024
Committee Referrals
Commerce Committee2/8/2024
Ways and Means Committee11/22/2023
Full Bill Text
No bill text available