Some Florida Counties Have Tax Changes, Did Yours?

The Election is Over!  Some Counties voted to increase sales taxes while other Counties decided not to.  What did Palm Beach and Broward Counties do?

If this topic doesn't apply to you, please skip below to the Upcoming Events section.

For some small business owners, come January 1st, 2017, the rate of Sales Taxes collected may increase by 1% as voted on in the November 2016 elections.  For other business owners, the Sales Taxes will remain the same. Remember, the changes begin on January 1st.

 

 

Broward County Tax Rate is 6%


The Sun Sentinel reported on November 8th 2016, "No sales tax increase in Broward.  A proposed increase in the sales tax in Broward County failed Tuesday when voters said they'd support a tax for transportation improvements but not for city infrastructure."

 

 

Palm Beach County Tax Rate is Increasing to 7%


The Sun Sentinel reported on November 8th, "Palm Beach County voters approve sales tax increase. Palm Beach County voters agreed Tuesday to pay more at the cash register to fund a major overhaul of roads and schools."

"Voters approved a referendum to raise the sales tax rate from 6 cents per dollar to 7 cents. It will generate $2.7 billion for repairs and improvements to infrastructure postponed during the Great Recession. The tax increase takes effect Jan. 1 and will sunset in 10 years or earlier if the revenue is generated before then."


Florida Is A Destination-Based Sales Tax State

How will the new Tax Rates affect Business Owners, that ship taxable goods?
Sales tax should be collected at the sales tax rate of the address whereyou ship your product.  It's important to know each county's sale tax rates.

Where can you lookup this information?  
At floridarevenue.com.

Why are the tax rates different in many of Florida's Counties?
The Florida Department of Revenue notes the following for Sales and Use Tax and Discretionary Sales Surtax Rates: 

Florida's general sales and use tax rate is 6%; however, other rates may apply based on the type of sale. Discretionary sales surtax, also called county tax - is imposed by many Florida counties and applies to most transactions subject to sales tax.

The Florida Department of Revenue collects both taxes and distributes the surtax back to the counties. The discretionary sales surtax rate depends on the county. To compute the sales tax rate for each county, add the local option surtax rate to the general sales tax rate.

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Wendy Ettorre