Florida DOR Issues Information on New Sales Tax Exclusion for Motor Vehicle Leases

The Florida Department of Revenue (DOR) June 17 issued information outlining a new sales and use tax exclusion for motor vehicle leases, effective July 1. The exclusion applies to certain motor vehicle leases or rentals used in a trade or established business, provided the lessor paid sales or use tax on the vehicle purchase price and the lease or rental period is for 12 months or more. [Fla. Dep’t of Revenue, Tax Info. Publ’n 24A01-08, 06/17/24]

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