Effective January 1, 2025, Hillsborough County businesses face critical sales tax adjustments following a Florida Supreme Court ruling and legislation passed during the 2024 Regular Session. This issue arose in November 2018, when Hillsborough County voters approved a 1% transportation surtax. In 2021, the Florida Supreme Court invalidated the surtax due to constitutional issues. During … Continue Reading
With the impending sunset of alcohol related tax provisions, the beer and liquor lobbies have begun sparring over the proper policies going forward, as each industry spotlights their needs and while disputing their competitor’s position. At the center of the fight is the taxability of seltzers and other ready to drink cocktails, as these drinks … Continue Reading
Recently, the Florida Department of Revenue (DOR) published a Notice of Proposed Rule for rule 12D-51.001, Florida Administrative Code, titled Florida Agricultural Classified Use Real Property Appraisal Guidelines. DOR seeks to amend the guidelines, originally promulgated in 1982, to provide guidance to county property appraisers as they develop valuations for real property classified as agricultural. … Continue Reading
