Florida’s Unemployment Compensation Trust Fund balance, drained during the COVID-19 pandemic, is expected to exceed its prepandemic level by March, two months earlier than expected, according to the nonprofit group Florida TaxWatch.
That will allow a decrease in state sales tax businesses must pay on payments made to rent or lease of commercial property. The 4.5% business rent tax will be lowered to 2% in June instead of August, according to the Florida Department of Revenue.
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