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Articles by Jorge E. Sagarra
Maximize Your Legacy: Take Advantage of the High Estate and Gift Tax Exemption Sunset | JD Supra
As part of the Tax Cuts and Jobs Act (TCJA), the estate and gift tax exemption was doubled for tax years 2018-2025. This increased exemption is set to sunset at the end of 2025, at which time – barring legislative action prior to the end of the year – the exemption will be reduced to one-half of its then-indexed-for-inflation amount. This Holland & Knight alert features some of the many planning opportunities to consider before the sunset of the increased estate and gift tax exemption.
Maximize Your Legacy: Take Advantage Of The High Estate And Gift Tax Exemption Sunset
As part of the Tax Cuts and Jobs Act (TCJA), the estate and gift tax exemption was doubled for tax years 2018-2025. This increased exemption is set to sunset at the end of 2025, at which time – barring legislative action prior to the end of the year – the exemption will be reduced to one-half of its then-indexed-for-inflation amount. This Holland & Knight alert features some of the many planning opportunities to consider before the sunset of the increased estate and gift tax exemption.
Florida's State Sales Tax On Real Property Commercial Leases To Decrease Effective June 1, 2024
The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use real property ... is reduced from 4.5 percent to 2.0 percent" (hereinafter "commercial leases") as of June 1, 2024. Florida is one of the few states that assesses sales tax on commercial leases of real property.
Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024 | JD Supra
The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use real property ... is reduced from 4.5 percent to 2.0 percent" (hereinafter "commercial leases") as of June 1, 2024. Florida is one of the few states that assesses sales tax on commercial leases of real property.
Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024
The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use real property ... is reduced from 4.5 percent to 2.0 percent" (hereinafter "commercial leases") as of June 1, 2024. Florida is one of the few states that assesses sales tax on commercial leases of real property.
Florida State Sales Tax on Commercial Real Property Leases Decreases on Dec. 1, 2023 | JD Supra
Florida Gov. Ron DeSantis signed House Bill (HB) 7063 into law on May 25, 2023, which provides short-term and long-term tax relief for Florida taxpayers. (See Holland & Knight's previous alert, "Florida Gov. Ron DeSantis Signs 2023 Tax Bill into Law," May 30, 2023.) Among the changes to certain state-level taxes was a decrease to the state-level sales tax rate on commercial real property leases. Florida is one of the few states that assesses sales tax on commercial leases of real property.
Florida State Sales Tax on Commercial Real Property Leases Decreases on Dec. 1, 2023
Florida Gov. Ron DeSantis signed House Bill (HB) 7063 into law on May 25, 2023, which provides short-term and long-term tax relief for Florida taxpayers. (See Holland & Knight's previous alert, "Florida Gov. Ron DeSantis Signs 2023 Tax Bill into Law," May 30, 2023.) Among the changes to certain state-level taxes was a decrease to the state-level sales tax rate on commercial real property leases. Florida is one of the few states that assesses sales tax on commercial leases of real property.
Florida Gov. Ron DeSantis Signs 2023 Tax Bill into Law | JD Supra
Florida Gov. Ron DeSantis signed House Bill (HB) 7063 into law on May 25, 2023, providing short-term and long-term tax relief for Florida taxpayers. The legislation provides approximately $1.3 billion in tax breaks to Florida taxpayers. However, when combined with other enacted legislation from this most recent Florida legislative session, DeSantis has signed more than $2 billion in tax relief.
Florida Gov. Ron DeSantis Signs 2023 Tax Bill Into Law
Florida Gov. Ron DeSantis signed House Bill (HB) 7063 into law on May 25, 2023, providing short-term and long-term tax relief for Florida taxpayers. The legislation provides approximately $1.3 billion in tax breaks to Florida taxpayers. However, when combined with other enacted legislation from this most recent Florida legislative session, DeSantis has signed more than $2 billion in tax relief.
Florida Gov. Ron DeSantis Signs 2023 Tax Bill into Law
Florida Gov. Ron DeSantis signed House Bill (HB) 7063 into law on May 25, 2023, providing short-term and long-term tax relief for Florida taxpayers. The legislation provides approximately $1.3 billion in tax breaks to Florida taxpayers. However, when combined with other enacted legislation from this most recent Florida legislative session, DeSantis has signed more than $2 billion in tax relief.
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