Florida to eliminate Business Rent Tax by 2025, bringing relief to Coral Springs companies
Coral Springs, Florida – Starting October 1, 2025, businesses in Florida will finally see a significant reduction in their operational costs as the state eliminates its Business Rent Tax. The announcement, made this week by the Coral Springs Coconut Creek Regional Chamber of Commerce, marks a major victory for local businesses in Coral Springs and Coconut Creek, as well as thousands of companies across the state. The tax, which has long been a financial burden for businesses, will no longer apply to commercial leases, including retail spaces, offices, warehouses, and co-working areas. This policy change is expected to provide significant relief for companies struggling with high operating expenses.
Florida has long been the only state in the nation to impose a sales tax on business rent. This distinctive tax has been a point of contention for many years, particularly in the business community, as it added to the already high costs of doing business. With the repeal now in sight, business leaders are celebrating the end of a policy that they say has placed undue financial pressure on local entrepreneurs.
Charinus Johnson Davis, the president of the Coral Springs Coconut Creek Regional Chamber of Commerce, shared her excitement over the change. “This is a day we’ve been working toward for ten years,” she said in a statement. “Our members have carried this financial burden long enough—and thanks to our persistence, advocacy, and the support of the Florida Chamber and pro-business legislators, that burden is gone.”
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The repeal of the Business Rent Tax is expected to simplify operations for businesses, particularly in terms of budgeting and financial planning. Businesses leasing space will no longer be required to pay the sales tax on their rent, making it easier for them to allocate resources to other critical areas such as hiring, expansion, or improving their products and services.
Landlords will be required to stop collecting the tax from tenants after October 1, 2025, and tenants are encouraged to carefully review their lease invoices to ensure that the tax is no longer being charged. This marks a significant change for both landlords and tenants, who will need to adjust their accounting practices accordingly.
The Chamber played an instrumental role in advocating for the repeal. Over the years, it organized lobbying trips to Tallahassee, met with local officials, and mobilized business owners to push for the tax’s elimination. These efforts were supported by pro-business legislators and the Florida Chamber of Commerce, who recognized the importance of addressing the issue and providing relief to Florida’s business community.
This tax repeal is not just a win for business owners—it’s also a boost to the broader economy. By reducing the cost of doing business, Florida is helping create a more attractive environment for investment, innovation, and job creation. With the tax burden lifted, many businesses are expected to have more resources to grow, hire more employees, and contribute to the state’s economic prosperity.
For Coral Springs and Coconut Creek, this change will be particularly impactful. These areas have a growing and diverse business community, and the repeal of the Business Rent Tax will further enhance their appeal to entrepreneurs and investors alike. As businesses continue to recover and rebuild from the challenges of recent years, this policy change offers a long-awaited opportunity for growth and stability.
In the coming months, business owners will need to stay informed about the changes and ensure they are no longer being charged the Business Rent Tax. With the Chamber’s ongoing support and advocacy, local businesses can look forward to a more favorable financial landscape in 2025 and beyond.
For many, this is just the beginning of a brighter future for Florida’s business community. As the tax is phased out, it will serve as a reminder of the power of collective advocacy and the positive impact of policy changes that support the state’s entrepreneurs and economy.
