Many Florida businesses complain about Amazon having an unfair advantage as they claim the business does not pay state sales tax, which is inaccurate. Amazon has been paying millions in state sales tax since 2014 in Florida. But that doesn’t mean other online retailers pay, even the small ones, so SB50 and H15 are looking to impose Florida’s 6% sales tax on most online or mail order sales (remote sales) being shipped to Florida.
We expect SB 50 to appear on the Florida Senate’s special calender on 3/11/2021. The bill would require out-of-state retailers and marketplace providers with no physical presence in Florida to collect Florida’s sales tax on sales of taxable items delivered to purchasers in Florida if the out-of-state retailer or marketplace provider makes a substantial number of sales into Florida. A substantial number of remote sales means conducting many taxable remote sales in an amount exceeding $100,000 during the previous calendar year.
The Revenue Estimating Conference (REC) determined the bill would:
– Increase General Revenue Fund receipts by $973.6 million in Fiscal Year 2021-2022 and by
$1.08 billion each year thereafter.
– Increase state trust fund receipts by $0.3 million in Fiscal Year 2021-2022 and by $3.3
million each year thereafter.
– Increase local tax revenues by $229.5 million in Fiscal Year 2021-2022 and by
$253.7 million each year thereafter.
Except as otherwise provided in the bill, the bill takes effect on July 1, 2021.