Get Florida Sales Tax Credit For Scholarship Fund Contributions
Do you own a business? Maybe you own dog grooming studio, are an accountant, or run a tattoo shop. It doesn’t matter. If you pay rent for your commercial space, we have cool news for you! Did you know that a new program went into effect on July 1, 2018 letting tenants of commercial rental properties apply for an allocation under the new Florida Sales Tax Credit Scholarship Program? Through this program, tenants can get a credit against their Florida sales tax obligations for rent or license fee payment. They can get these credits for contributions paid to any eligible nonprofit scholarship-funding organization.
The credits can be taken against sales tax on rent or license fee payments starting October 1, 2018! If you want more information on this sales tax credit opportunity, check out the Scholarship Funding Organizations Tax Credits webpage here.
The point of this program is to encourage private contributions to nonprofit scholarship-funding organizations. The program is expected to expand education opportunities for the state’s young people. Also check out the Florida Tax Credit Scholarship Program, which has similar end goals.
THINKING OF SELLING YOUR TAMPA BAY AREA HOME?
If you’re interested in selling a Tampa Bay area home, please contact us for more information about listing your home. Check out our helpful article describing the process and how to decide if it’s the right time to sell.
ARE YOU BUYING A HOME FOR SALE IN TAMPA BAY?
If you’re thinking about buying a home in Tampa Bay, do a quick online search or check out our:
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Our experienced agents know the area and would love to find you the perfect home in the Tampa Bay or any of the surrounding areas. When you’re ready, call us at 813-961-6000, or contact us online. We handle real estate in Hillsborough County (the Tampa – St. Petersburg – Clearwater metropolitan area), real estate in Pasco County (Port Richey, New Port Richey, Dade City, Zephyrhills and San Antonio), and real estate in Pinellas County (Tampa – St. Petersburg metropolitan area.) We’ll help you find the right home for your needs!
