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Business Rent Tax Reduction

Posted by: Unknown on Tuesday, May 16, 2017 at 4:00:00 pm

The Florida Legislature's final version of the Business Rent Tax reduction will only reduce the tax rate from 6 percent to 5.8 percent. The new rate takes effect beginning January 1, 2018. This small 0.2 percent reduction will save businesses $61.0 million annually. It is possible this topic will be reintroduced during the next session for further reductions.

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