Florida lawmakers recently completed and passed HB 7109, the highly anticipated 2017 sales tax relief package. The bill reduces commercial real estate rental sales tax and also includes a sales tax holiday for shoppers, including a back to school tax holiday along with the elimination of sales taxes on feminine hygiene products and hurricane supplies. A summary of the changes are as follows:
- Commercial real estate rental sales tax reduction by 0.2% from 6 percent to 5.8%.
- Permanent sales tax exemption for essential feminine hygiene products. HB 7109 makes clear that feminine hygiene products are no longer considered luxury items but rather a necessity for women’s overall health.
- Three-day disaster preparedness sales tax holiday from Jun 2-4, 2017, for disaster preparedness supplies.
- Three-day back-to-school sales tax holiday from August 4-6th, 2017 that includes clothing and footwear costing $60 or less, school supplies costing $15 or less, and personal computer or related accessories costing $750 or less.
HB 7109 was a popular measure in the recently completed state legislative session, having been passed in the House and Senate by overwhelming majorities.
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