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FL S0352
Bill
Status
Failed
3/8/2024
Primary Sponsor
Commerce and Tourism
Click for details
AI Summary
- Creates a sales tax holiday from June 1, 2025, through July 31, 2025, exempting retail sales of tangible personal property and services from Florida's Chapter 212 sales tax when paid in virtual currency
- Applies only to purchases made at specific establishment types: gas stations, food service establishments, grocery stores, convenience stores, cosmetology/specialty salons, spas, barbershops, bars, and nightclubs
- Defines "virtual currency" by reference to s. 560.103, Florida Statutes, and explicitly excludes central bank digital currency as defined in s. 671.201
- Defines "convenience store" as a business primarily engaged in retail sale of groceries, motor fuels, or special fuels that may also offer food services
- Authorizes the Department of Revenue to adopt emergency rules to implement the tax holiday, with such rules remaining effective for the length of the exemption period
Legislative Description
Virtual Currency Sales Tax Holiday
Last Action
Died in Finance and Tax
3/8/2024
Committee Referrals
Finance and Tax2/8/2024
Full Bill Text
No bill text available