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Florida Realtors Issues Call For Action

 

Cut the Business Rent Tax in Florida

bus-tax

Florida is the only state in the U.S. to charge a 6% tax on the rent of commercial property. This is a tax on businesses, small and large, that rent their office space. We are calling this the Business Rent Tax!  Watch this video to learn more about Florida's business rent tax.

Watch Video Here:

TALLAHASSEE, Fla. – Jan. 22, 2016 – The Florida Legislature will consider a 1 percent cut to the state's business rent tax over the next several weeks. Since lawmakers have a number of tax cut proposals under consideration this year, Florida Realtors issued a Call for Action to show the depth of support for the business rent tax cut.

"Many businesses, notably Florida's small and mid-sized firms, rent their office space," says Carrie O'Rourke, Florida Realtors vice president of public policy. "As the only state with a rent tax (currently 6 percent), a $10,000 monthly rent would cost a Florida company an additional $600 per month – $7,200 per year.If they're weighing the pros and cons of starting a business in either Florida or Georgia, it puts us at a competitive disadvantage.

"The Call for Action is one of our strongest legislative tools," she continues."The online system allows members to quickly and easily contact their state representatives to show support for an issue – in this case, a reduction in Florida's onerous business rent tax, which no other state charges."

Participate now – it takes less than a minute. Click here to contact your lawmakers and support the business rent tax cut.

© 2016 Florida Realtors®  

Related Topics: Florida Realtors