Starting October 1, 2025, Florida will eliminate the 4.5% state sales tax on commercial lease payments under HB 7031, signed by Governor Ron DeSantis. This historic change benefits tenants, who will see reduced lease costs; landlords, who gain a competitive edge in retaining and attracting tenants; and investors, who can expect higher property demand and ROI. The repeal applies to office, retail, industrial, and warehouse leases, though local county surtaxes may still apply. Businesses should review leases and verify local tax obligations.
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