Sales tax is due at the rate in effect during the time the tenant occupies, or is entitled to occupy, the real property regardless of when the rent is paid. Effective June 1, 2024, these rental charges are subject to 2.0% state sales tax, plus any applicable discretionary sales surtax.
The decrease in the state sales tax rate for renting, leasing, letting, or granting a license to use real property (commercial rentals) does not apply to the tax imposed on parking or storage of motor vehicles, docking or storage of boats, or tie-down or storage of aircraft. All real property rentals, leases, or licenses must be clearly identified on the monthly department reporting since these sales and taxes are separately stated on the University’s filing to the Florida Department of Revenue.
Periodically, the Auxiliary Accounting Office conducts a review of the Fee-for-Service Educational Activity (FSEA) sales based on the Department of Revenue Guidelines for Colleges and Universities to ensure that required taxes are remitted to the Florida Department of Revenue.
Effective June 1, 2024, the state sales tax rate imposed under section 212.031, Florida Statutes, on the total rent charged for renting, leasing, letting, or granting a license to use real property decreases from from 4.5% to 2.0%, plus any applicable discretionary sales surtax. See Florida Tax Information Publication (TIP) #24A01-02 for additional information.
The Auxiliary Accounting Office is responsible for remitting the University’s sales and use taxes on Form DR-15, the Sales and Use Tax Return.