On April 19, 2021 Florida Governor Ron DeSantis signed S.B 50. This bill will require remote out-of-state retailers and marketplace providers making over $100,000 of taxable remote sales to Florida to register, collect, and remit Florida sales tax. The $100,000 threshold is based on sales during the previous calendar year and only includes taxable sales. Marketplace providers will also be required to collect and remit sales tax on behalf of their third-party sellers. This bill makes Florida the 44th state out of 45 states with a general sales tax to adopt an economic nexus threshold.
If you have any questions on this, please contact Kelly Switt, Bill Sebastiano, Marie Marshall, or Ashley Trabaris in our State and Local Tax Department.
Get in touch today and find out how we can help you meet your objectives.
