Thursday, 08 April 2021 18:16

Florida Retail Federation Praises Final Passage of Senate Bill 50

FOR IMMEDIATE RELEASE
APRIL 8, 2021

CONTACT: This email address is being protected from spambots. You need JavaScript enabled to view it. (202) 680-9262

Tallahassee, FL – Upon final passage of SB 50 on the Senate floor today,  Scott Shalley, president and CEO of the Florida Retail Federation, released the following statement:

"There was a resounding sigh of relief from Florida retailers across the state today as they witnessed the passage of SB 50 by both chambers in the State Legislature. This critical legislation applies the online sales tax requirements fairly across all businesses, no matter whether they are headquartered here in Florida, across the country or around the world. By fixing the glitch, the Legislature has also established a source of revenue to replenish the state’s Unemployment Compensation Trust Fund. Importantly, the legislation provides long-term tax relief for all businesses that pay the commercial rent tax. We are thankful for the support of Senate President Wilton Simpson, House Speaker Chris Sprowls and bill sponsors, Senator Joe Gruters, Representatives Chuck Clemons and Chip LaMarca, for their efforts to "fix the glitch" in Florida's tax system."

To read SB 50, visit: https://www.flsenate.gov/Session/Bill/2021/50.

ABOUT THE FLORIDA RETAIL FEDERATION
The Florida Retail Federation is the statewide trade association representing retailers -- the businesses that sell directly to consumers. Florida retailers provide one out of every five jobs in the state, pay more than $49 billion in wages annually, and collect and remit more than $20 billion in sales taxes for Florida’s government each year.

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