Commercial lease sales tax faces repeal

Florida State Rep. Greg Steube, R-Bradenton, will likely score some major points in the business community with a new bill he's proposed for the 2014 Legislative session: The elimination of a sales tax on commercial leases.

“We are the only state in the country that has this tax,” Steube tells Coffee Talk. “I think it needs to be completely repealed.”

The target of Steube's proposed bill is the 6% sales tax on every commercial lease signed in the state. The bill would cut the tax by 1% a year for six years until it's totally wiped away. “What better way to help small businesses than to not have them pay this tax?” asks Steube. “It would be a huge boost to our state for attracting and retaining small businesses.”