United States of America: Implementation of certain provisions in Florida Senate Bill 50
Description
Implementation of certain provisions in Florida Senate Bill 50
On 1 April 2022, the final provisions of Florida Senate Bill 50 enter into force. Marketplace providers must collect the lead-acid battery, the waste tire, and the “E911" fees. A marketplace seller and a marketplace provider may further contractually agree that the seller collects and remits the sale taxes instead of the provider. For this to be possible, a seller (1) must have an annually US-wide revenue of at least $1 billion, (2) provide evidence to the provider that they are registered in Florida, and (3) notify the Department of Revenue about the handling of taxes.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
Hide details
2020-12-18
under deliberation
2021-03-25
under deliberation
2021-04-08
in grace period
2021-07-01
in force
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
platform intermediary: user-generated content
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
technological consumer good: sale
Regulatory tool
Subordination under sales, use or value-added tax
Sanctions
Determined by existing law or regulation
Regulated subjects
1