It is expected that the Business Rent Tax (BRT) will be officially eliminated in the state of Florida beginning October 1, 2025. This move is being hailed as a significant success for the Coral Springs Coconut Creek Regional Chamber of Commerce and businesses across the state.
For a long time, Florida was the only state that levied a sales tax on commercial leases. This tax had an impact on a wide variety of business leases, including retail shops and office facilities. This will come to an end this autumn.
“This is a day we’ve been working toward for ten years,” said Charinus Johnson Davis, President and Chief Executive Officer of the Coral Springs Coconut Creek Regional Chamber of Commerce. “This financial burden has been carried by our members for a sufficient amount of time, and now, as a result of our relentless efforts, advocacy, and the support of the Florida Chamber of Commerce and legislators who are pro-business, that burden has been lifted.”
As of the first of October, landlords are required to stop collecting sales tax on payments made for commercial leases. It is strongly recommended that tenants check their lease bills to make sure that the tax has been eliminated.
Their efforts, which included lobbying in Tallahassee and organizing local advocacy campaigns, were reportedly important in securing the repeal, as stated by the chamber.
Christine Shaw, who serves as the Chair of Government Relations for the Chamber of Commerce, recently stated that “this is not just a win on paper; it is a real boost for our members’ bottom lines.” We take great pride in the fact that we have contributed to the establishment of a corporate environment that encourages and supports growth rather than one that discourages it.
