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Florida Tax Planning

DarrowEverett LLP

What Florida Sales Tax Cut Means for Florida Commercial Tenants

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Broadly speaking, according to the Florida Department of Revenue, each Florida sale, amusement park admission, storage unit and rental is taxable (unless it falls under an exemption, such as nonprofits). More specifically,...more

Lowndes

Property Tax Exemptions for Senior Living Facilities: Application Deadline is March 1, 2024

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The 2024 exemption deadline is almost upon us! As with every year here in Florida, the property tax exemption application deadline falls on March 1. So it is again time for senior living facilities around the state to...more

DarrowEverett LLP

Time to Step Up? Florida’s Community Property Trust Act Worth A Look

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Unknown to many Floridians, Florida enacted the Community Property Trust Act which went into effect on July 1, 2021, and established the ability to convert non-community property into community property. The community...more

Burns & Levinson LLP

Escaping the Snow: Estate Planning Considerations for Moving to the Sunshine State

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Despite the unusual rain this year, New England is typically a great place to be in the summer. However, once the cold air moves in, countless people escape the harsh winters of New England by living half of the year in warm,...more

Freeman Law

Florida Sales Tax on Ticket Sales for the Sunshine State's Nonprofits

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Sales tax . . .  A (if not the most) commonly overlooked tax for nonprofit organizations.  This Freeman Law Insights blog focuses on sales tax regime applicable to “admissions” collected by or for nonprofit organizations in...more

Bilzin Sumberg

Enactment of FUDTA and CPTA Change the Rules on Florida Trusts

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On June 29, 2021, Florida enacted the Florida Uniform Directed Trust Act ("FUDTA") and the Community Property Trust Act ("CPTA"). Florida will now have a more robust law whereby “trust directors” can be granted powers in a...more

Bilzin Sumberg

Florida's Proposed Directed Trust and Community Property Trust Statutes: What You Need to Know

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The Florida legislature is currently in the advanced stages of enacting legislation that will make critical changes to the Florida Trust Code. The legislation (SB 1070/HB 609) would enact the Florida Uniform Directed Trust...more

Bilzin Sumberg

Moving to the Sunshine State: Change of Domicile Planning Considerations

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Florida has long been known as a hot-spot for retirees and snowbirds to move for its sunny weather and beautiful beaches. In recent years, however, since the "SALT Deduction Cap" established by the 2017 Tax Cuts and Jobs Act...more

Seyfarth Shaw LLP

The Week in Weed: November 2019 #5

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Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Those in the marijuana industry in California will face a higher tax bill in January.  The 15% tax rate will...more

Carlton Fields

New Florida Law: Assessing Benefit Plan Costs for New Cancer Benefits Owed to Florida’s Bravest

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This alert focuses on Florida governmental entities that provide benefits to firefighters. Newly adopted Florida Statutes chapter 112.1816, scheduled to go into effect July 1, 2019, provides additional minimum benefits to...more

Carlton Fields

Florida Governor Ron DeSantis Proposes Expansion of Schools of Hope Charter Schools into Opportunity Zones

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Tucked into Governor DeSantis’ proposed Florida budget is a provision that calls for significant expansion of Florida’s Schools of Hope charter school program....more

Foodman CPAs & Advisors

Taxes in Florida

The Sunshine State is one of the lowest tax burden states in the US. Florida has no state individual income tax. At the state level, there is NO tax on social security benefits, retirement income, IRAs, 401(k) accounts,...more

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