Florida Tax Bill 126: New Sales Tax Bill Could Enforce Compliance
AGILE CONSULTING GROUP
With current procedures in place, customers are responsible for determining the
Florida sales tax amount and then sending in a check to of that value to the Florida Department of Revenue as Florida use tax. In reality, consumers rarely follow this process. This lost Florida sales tax revenue is estimated to cost the state of Florida $700 million annually and that figure continues to grow.
The impetus for this change comes from the 2018 South Dakota v. Wayfair ruling which overturned the prior standard that a company needed to have a physical presence in a state for that state to collect and remit taxes. With Florida’s current general tax rate at 6%, this change would mean the competitive advantage of online companies would be stripped in comparison to the local retailers in the state. Sen. Gruters supports his decision to file the Florida tax bill 126 stating that “…this bill is about fairness; this is about collecting tax that’s already owed” insinuating that these online retailers should have been collecting Florida sales tax all along.




