| LeaseTaxStudy |
| State | Florida |
| References | Florida |
| Method of Taxation |
Lease Payments/Monthly |
| Lease Tax Base Methodology |
Gross proceeds derived from the lease |
| Applicable State Rate |
6% |
| Responsibiity for Tax on Upfront charges |
Dealer |
| State Tax Situs Standard Lease |
Garaging |
| Situs for Singlepay Leases |
Garaging |
| Monthly Rent |
Taxable |
| Credit for Tax paid up-front in another state |
Credit Available - for like taxes |
| Optional Service Contracts Separate |
Taxable |
| Optional Insurance Products Separate |
Non-Taxable |
| Imposition |
Lessee |
| SST MembeR |
Member of advisory states - no enacted conformity laws to date |
| Local Tax Situs Standard Lease |
Garaging |
| TradeIn Deductions AllowedtoReduceTheTaxableBase |
Non-Taxable |
| Manufacturers Rebates |
Taxable |
| Down Payments |
Taxable |
| Title Registration Fees |
Non-Taxable |
| Lease Extensions |
Taxable |
| Termination Fees |
Taxable |
| Disposition Fees |
Taxable |
| Excess Mileage Charges |
Taxable |
| Excess Wearand DamageCharges |
Taxable |
| Late Payment Fees |
Non-Taxable |
| Lease Extension Fee |
Taxable |
| Bad Check Fees |
Non-Taxable |
| Other Fees as specifiedinthelaw |
Taxable |
| Administrative Fee Paidincashupfront |
Taxable |
| Early Termination Liability |
Taxable |
| Off Lease Vehicle Sales TaxResponsibilityandMethod |
Lessor Files - DOR - return |
| Exemptions General |
Leases to the United States government, local government, state government, Leases directly to religious institutions when used in carrying on their customary nonprofit activities, leases to veterans' organizations, leases to state-supported schools, colleges or universities, 501(c)(3) organizations. |
| Comments |
|
| AssumptionFees |
Taxable |
| TaxTypeToUseLeases |
Sales Tax |
| TaxTypeToUseSales |
Sales Tax |
| SitusOfSale |
Purchaser's location
|
| InsurancePayoffs |
The transfer of title to any motor vehicle from the insured to an insurance company in conjunction with the settlement of a claim is exempt. |
| TollsTickets |
Non-Taxable |
| PropertyTaxCharges |
Taxable |
| RepoFeesCollectionAgency |
Non-Taxable |
| LeasestoMilitaryPersonnel |
Taxable |
|
|
