Florida Department Of Revenue

"Florida is one of the few states that assesses sales tax on commercial leases of real property. The current Florida sales tax rate on such leases is 4.5 percent as of Dec. 1, 2023, due to House Bill (HB) 7063, which reduced the Florida sales tax rates on such leases from 5.5 percent to 4.5 percent. The TIP indicates that the Florida sales tax rate on commercial leases will decrease from 4.5 percent to 2 percent as of June 1, 2024. The reduction will not apply to any local taxes imposed at the county level, which vary between 0.5 percent and 1.5 percent. Previous legislation provided for a reduction of the commercial sales tax rate to 2 percent once the Florida Unemployment Compensation Trust fund has been replenished to pre-COVID-19 levels."

IN THE PRESS

American College Of Cardiology

"The Centers for Medicare and Medicaid Services (CMS) released the 2024 Medicare Physician Fee Schedule (PFS) final rule on Nov. 2. Of note, the 2024 PFS conversion factor is $32.7442, reduced 3.37% from $33.8872 in 2023. Overall reimbursement for cardiovascular services is projected to remain flat compared with 2023, with changes to policies and individual services roughly balancing out. Individuals and groups will see different impacts depending on patient populations and services offered."