E-commerce companies selling products to Florida residents in the state will have to collect a 6% sales tax starting July 1. Gov. Ron DeSantis signed the bill into law earlier this week.
The new tax is expected to raise $1 billion in new revenue. Republicans plan to use the revenue generated to support the state’s Unemployment Compensation Trust Fund, preventing a tax hike on businesses that would have been needed to maintain the solvency of the fund.
The Florida Chamber of Commerce said without...
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