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Florida Kicks off 2018 Hurricane Season with Week-Long Sales Tax Holiday by Michael Hirsch, JD, LLM

Posted on May 04, 2018 by Michael Hirsch,

The Florida legislature recently announced the creation of a seven-day Disaster Preparedness Sales Tax Holiday from June 1 to June 7, 2018.

During this first week of the 2018 hurricane season, Florida residents will not be required to pay sales tax on hurricane-preparation supplies that include the following:

  • Reusable ice costing $10 or less,
  • Flashlights, lanterns and candles that cost $20 or less,
  • Gas or fuel containers that cost $25 or less,
  • Coolers and batteries that cost $30 or less,
  • Radios, tarps, bungee cords, Visqueen and other flexible waterproof sheeting that cost $50 or less, and
  • Portable generators costing $750 or less.

Consumers should note that the sales tax holiday does not apply to the rental or repair of any of the qualifying supplies nor to any sales that occur in an airport, theme park, entertainment center or public lodging establishment.

Residents and businesses located in Florida will also benefit from several hurricane-related tax exemptions the legislation approved, effective retroactively to 2017, including:

  • A refund of taxes paid for residential homestead property damaged by a natural disaster beginning in 2017,
  • An exemption from documentary stamp tax on emergency loans taken, and
  • A sales tax exemption for generators purchased for nursing homes or assisted living facilities.

About the Author: Michael Hirsch, JD, LLM, is a senior manager of Tax Services with Berkowitz Pollack Brant’s state and local tax (SALT) practice, where he helps individual and business to meet their corporate, state and local tax reporting requirements. He can be reached at the CPA firm’s Fort Lauderdale, Fla., office at (954) 712-7000, or via email at info@bpbcpa.com.

 

 

 

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