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Florida enacts legislation reducing commercial rent tax rate

On May 25, 2017, Florida Gov. Rick Scott signed legislation adopting the reduction of the state’s sales tax on non-residential leases and licenses of real property. The rate is reduced from 6% to 5.8% effective Jan. 1, 2018, and may decrease further in the future. Several provisions, mainly relating to sales tax exemptions for data center property and other items, were also included in the legislation.