The bill proposes significant changes to the taxation of rental real property in Florida by repealing Section 212.031, which imposed a tax on rental or license fees for commercial real property, and Section 212.099, which provided a tax credit for contributions to eligible nonprofit scholarship-funding organizations. It also amends various sections of Florida Statutes to align with these changes, including defining "qualified production services" in Section 212.0602 and adjusting tax exemptions related to the entertainment industry in Section 288.1258. Additionally, the bill clarifies tax exemptions for educational entities involved in teaching qualified production services, specifying that these entities are exempt from certain taxes on materials and equipment used for educational purposes.

House Bill 817 further introduces amendments concerning tax exemptions for production companies and the Florida Turnpike Enterprise. It allows qualified production companies to renew a 1-year certificate of exemption for sales and use tax for up to five years without resubmitting a new application. The bill also establishes a 90-day certificate of exemption for production companies, which can be renewed upon expiration. Significant deletions include the removal of references to tax exemptions under specific sections of the Florida Statutes, and it clarifies that the turnpike enterprise is not required to pay commercial rental tax on capital improvements related to business services on the turnpike system. The act is set to take effect on July 1, 2025.

Statutes affected:
H 817 Filed: 212.031, 212.0598, 212.0602, 212.08, 212.099, 338.234, 341.840, 1002.395