The Florida Chamber of Commerce applauds the Florida Senate Community Affairs Committee for passing SB 484, sponsored by Sen. Dorothy Hukill (R-Port Orange) and co-sponsored by Sen. Aaron Bean (R-Jacksonville), a bill that would save Florida businesses more than $300 million each year. Florida is the only state in the country that charges the business rent tax, putting Florida at a competitive disadvantage to other states, especially neighboring states, when attracting new businesses. SB 484 begins the process of reducing the business rent tax by reducing the state sales tax on these rentals by 1 percent.
The Following Lawmakers Voted on April 3 to Reduce the Florida-Only Business Rent Tax:
- Sen. Tom Lee (R-Brandon)
- Sen. Aaron Bean (R- Jacksonville)
- Sen. Jeff Brandes (R-St. Petersburg)
- Sen. Daphne Campbell (D-North Miami Beach)
- Sen. Keith Perry (R-Gainesville)
- Sen. David Simmons (R-Altamonte Springs)
Take Action Now
This was the first of three committee hearings for SB 484. On Wednesday, April 5, 2017, the House will consider their version of a tax package that includes a reduction of the business rent tax. Urge your lawmakers to reduce the Florida-only business rent tax.
Why Should You Support Cutting the Business Rent Tax?
Visit the Business Rent Tax Coalition’s website, www.CutMyBizRent.tax, to learn more about the effects of the Florida-only business rent tax.