A decades-long burden on Florida’s commercial tenants and landlords ends this month, and the Tampa Bay business community is ready to raise a glass.
On Sept. 30, the state’s sales tax on commercial leases will officially expire, closing the chapter on Florida’s status as the only state in the nation to impose such a levy. For business owners across Tampa Bay, the change represents more than a percentage point on a balance sheet – it’s relief, stability and momentum.
“This tax has been a burden on every commercial tenant and commercial landlord in Florida,” said Carter Henderson, a Tampa commercial real estate agent with Florida ROI Commercial Brokerage. “Its repeal marks a milestone for our state’s business community, and it deserves a celebration.”
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Henderson and the Florida ROI team are hosting a “Lease Tax Repeal Party” on Oct. 1 at New World Brewery in Tampa. The event, open to both commercial landlords and tenants, will take place from 5 to 7 p.m. in the beer garden.
For years, the lease tax had been a moving target. In Hillsborough County, the current rate stands at 3.5%, but in prior years, it surged to as high as 8.2%. The fluctuations created more than just added costs – they injected uncertainty into contracts and long-term planning.
“Beyond the financial burden, the constant changes caused headaches for tenants, landlords and property managers,” Henderson said. “Everyone should be relieved to see it go.”
The repeal is expected to free up capital for businesses of all sizes, particularly small and mid-sized companies, for whom lease expenses represent a significant overhead cost. Real estate experts say the change also removes a barrier to attracting new companies to Florida, positioning the state more competitively with peers across the country.
Florida ROI Commercial Brokerage, headquartered in downtown Tampa, represents tenants and property owners in sales, leasing and property management throughout Tampa Bay. Henderson, who has tracked and advocated against the lease tax for years, said the repeal is not just about saving money – it’s about sending a signal to business leaders.
“It shows Florida is serious about fostering growth and entrepreneurship,” he said.
For more information or to RSVP, contact Carter Henderson at [email protected] or 813-810-5969. Space is limited.
