Florida online shoppers to pay more
Gov. Ron DeSantis has signed into law a bill requiring out-of-state online retailers to collect sales taxes on purchases made by Floridians.
The bill is estimated to produce $1 billion a year, with the money first earmarked for the unemployment trust fund, which became depleted because of massive job losses during the COVID-19 pandemic. Businesses pay taxes that go into the trust fund and, without another source of money, would have faced higher taxes to replenish the fund.
After the fund is replenished, the revenue will be used to make a major cut in the commercial-rent tax, long a target of business lobbying groups. Senate President Wilton Simpson, R-Trilby, and House Speaker Chris Sprowls, R-Palm Harbor, agreed to reduce the commercial rent tax from 5.5 percent to 2 percent.
Read Florida online shoppers to pay more for the full story, including comments for and against the new law.
Will the Housing Market Frenzy Die Down? That Depends on Sellers
Naples housing market – onwards and upwards
Hello sub 3% mortgages – again
A Pre-Qualification Letter Doesn’t Equal Being Pre-Approved
“Party on, dude” says the Federal Reserve
It’s 80 degrees in Florida….
Sales Associate | Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated