Have you heard of the new Florida Sales Tax Credit Scholarship Program? This exciting new program helps provide scholarships by encouraging donations to scholarship-funding organizations. The programs lets tenants of commercial rental properties apply for an allocation to receive a credit against the state sales tax due on rent. It also lets tenants of commercial rental properties do the same against license fee payments.
The program will be in full swing this October. So, as of October first, credits can be taken against sales tax on rent or license fee payment for donations to certain scholarship-funding organizations!
Florida Sales Tax Credit Scholarship Program
For Florida students, this mean more money available in scholarships. At least, that’s the goal. That will expand education opportunities for students from families with limited financial resources.
To learn more about the Florida Sales Tax Credit Scholarship Program, click here.
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