Do you shop on line? Well, you now may have to pay sales tax in Florida.
Governor Ron DeSantis has signed a bill requiring requiring out-of-state retailers to collect and remit sales taxes.
This is expected to generate a billion dollars in revenue, which will go to the unemployment trust fund.
Under the law, “marketplace providers” that aren’t located in Florida will be required to remit sales taxes “when delivering tangible personal property” to consumers.
Florida business groups have lobbied for years to require out-of-state retailers to collect and remit sales taxes.
Retailers that have a physical presence in Florida are already subject to taxes, but out-of-state retailers have been able to skirt the requirement.
Essentially, the new law ensures that platforms facilitating third-party sales, like eBay and Etsy, are responsible for sending sales-tax revenues to the state.
The governor had until midnight to sign the bill, veto it or let the bill become law without his signature.
A news release from the governor’s office announced the move with less than an hour remaining.
It was one of five bills DeSantis signed into law Monday.