If you run a business in Florida, you’ve probably heard about the state’s unique “business rent tax.” For years, Florida was the only state that taxed businesses just for renting office, retail, or industrial space. Well, as of June 2025, this burdensome tax has officially been eliminated. Cue a collective sigh of relief from business owners!
What was the business rent tax?
The business rent tax required companies to pay 4.5% tax on the base rent for any commercial lease. This meant extra costs for everyone renting a storefront, office, or even a warehouse. Since most other states didn’t have such a tax, this put Florida businesses at a disadvantage when it came to expenses and competition.
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Why does eliminating it matter?
Removing this tax will have a real impact. Many small businesses, as well as big chains, will save thousands of dollars every year. This could mean more money for hiring, expanding, or even just keeping the lights on during tough times.
Since Florida is such a hot spot for new businesses and entrepreneurs, these savings make the state even more attractive for growth.
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Looking ahead
Experts say the change will likely bring more companies to Florida and help existing businesses thrive. When businesses have fewer taxes to worry about, they can focus more on what really matters—serving customers and growing strong companies. If you’re thinking about starting a new venture, now might be your moment!
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This article is based on information from Florida Realtors’ original news release, “Florida Eliminates Burdensome Business Rent Tax.” The source article details the recent legislative change and explains that the elimination of this tax is designed to boost businesses of all sizes across the state.
