Florida Reduces Sales Tax Rate for Electricity, July 2014
- Jun 23, 2014 | Gail Cole
The Florida state sales tax rate on charges for electricity is dropping a bit, effective July 1, 2014. The tax rate for bills dated on or after that date will be 6.95%. Currently, the rate is 7%.
The reduced rate is comprised of the following:
- 2.6% tax imposed under Chapter 203, Florida Statutes; and
- 4.35% tax imposed under Chapter 212, Florida Statutes.
The tax rate may be combined on dealer invoices or separately stated.
Local option discretionary sales surtaxes
According to the Florida Department of Revenue, “There is no change to the local option discretionary sales surtaxes imposed on charges for electricity. If the 4.35% tax is separately stated, the local option discretionary sales surtax should be added to the 4.35% tax rate.”
Businesses that file electronically will see no change in reporting requirements. Form DR-133 Gross Receipts Tax Return should be used to report the 2.5% gross receipts tax and Form DR-15 Sales and Use Tax Return should be used to report the combined 6.95% tax rate and any applicable local discretionary sales surtaxes.
Additional information is available on the department of revenue webpage, Decrease in the Tax Rate on Electricity.
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