State legislature trims lease tax for third time

Move could save some businesses thousands of dollars annually


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  • | 6:00 a.m. June 14, 2019
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Florida lawmakers have shaved the state’s commercial lease tax rate for the third time in as many years, this year down to 5.5% from 5.7%.

The business rent tax — Florida is the only state to have such a levy — is applied to commercial real estate leases and can cost companies tens of thousands of dollars annually.

 

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