Florida’s legislative session adjourned on time this year after passing an $82.3 billion budget, bringing with it wins and losses for the real estate community, which firmly pushed for a reduction in the business rent tax and more affordable housing funds.
While the latter was successful — funding for affordable housing is at its highest level since 2007 — lawmakers failed to pass a bill that would have reduced the sales tax on commercial leases by 1 percentage point, an issue real estate professionals have consistently advocated.
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