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Sales tax and VAT updates for modern finance teams

Anrok’s team of tax experts shares the latest rate changes, taxability updates, and other news you need to know.

Florida

Florida House Bill proposes historic $5B tax reduction plan

April 24, 2025

Florida's HB 7033 proposes to permanently reduce the state's sales tax rate from 6% to 5.25%. The legislation would lower all other sales tax rates by the same 0.75% margin, including commercial rent (2% to 1.25%), electricity (4.35% to 3.6%), new mobile home purchases (3% to 2.25%), and coin-operated amusement machines (4% to 3.25%). 

The bottom line: If the bill gets passed, businesses operating in Florida should prepare to update their point-of-sale systems and tax compliance procedures for this significant rate reduction.

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