FL - Guidance issued on catastrophic event property damage
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
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The Florida tourist development tax rate in Highlands County is increased from 4% to 5% effective August 1, 2023.
Combined Tax Rate
Beginning August 1, 2023, dealers must collect a combined tax rate of 12.5% on transient rental transactions in Highlands County. The combined tax rate of 12.5% is composed of:
the 6% state sales tax;
the 5% tourist development tax;
the 1% local government infrastructure surtax; and
the 0.5% school capital outlay surtax.
Taxpayers should report the Highlands County tourist development tax along with sales tax on Line D of the Florida Sales and Use Tax Return (Form DR-15).
Adoption of Ordinance
The Highlands County Board of County Commissioners adopted Ordinance No. 22-23-24 increasing the tourist development tax rate. Tax Information Publication, No. 23A01-18, Florida Department of Revenue, July 21, 2023
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
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In response to Hurricane Idalia, eligible taxpayers that file Florida corporate income tax returns with original due dates or extended […]
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As part of ensuring high income taxpayers pay what they owe, the IRS warned businesses and tax professionals to be alert to […]
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The IRS has reminded eligible educators that they will be able to deduct out of pocket classroom expenses upto $300 while filing their federal income tax returns next year. […]
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Guidance is provided regarding the Florida sales tax holiday on tools commonly used by skilled trade workers, which is held […]
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