On June 1, the Florida Legislature convened in a special session to consider the property tax reform proposal outlined by Governor DeSantis late last week. Prior to legislative committee meetings, a legislative staff analysis estimated that the Governor’s proposal could impact local government revenues by more than -$8 billion (at least -$3.4 billion school taxes
The Florida Legislature is moving forward with two pieces of legislation designed to clarify retail operations in a future society devoid of physical pennies. Following a directive from President Trump, the final minting of the 1-cent coin by the U.S. Mint occurred in June 2025. The final inventory of newly produced pennies was shipped to Federal Reserve
Today, the President of the Florida Senate announced that tax relief has stalled the budget negotiations for the 2025 Regular Session. This means the Florida legislature will likely have to return in a Special Session to resolve tax and budget bills before the start of the state fiscal year on July 1, 2025.
The Senate
On June 1, 2024, Florida’s business rent tax will be automatically slashed from a 4.5% rate to a 2.0% rate due to implementation of its 2021 Wayfair legislation. Florida’s passage of Chapter 2021-2, Laws of Florida adopted economic nexus concepts related to the retail sale of tangible personal property by remote sellers and marketplaces. Part of the