Amazon sales tax to add $80M annually to Florida

Physical locations in state mean virtual retailer subject to levy

TRD MIAMI /
Apr.April 17, 2014 05:15 PM

Miami-Dade County’s tax base is about to get a boost from Amazon, which recently announced it will begin collecting sales tax from Florida’s online shoppers starting May 1.

The move comes as the e-commerce giant gears up to open its new 1.1 million-square-foot warehouse in Hillsborough County and two “fulfillment” centers along the Interstate 4 corridor, the Miami Herald reported. The company’s decision was likely prompted by a state law requiring stores with a physical presence to collect such taxes, according to the Herald.

The Florida Retail Federation predicts the tax will garner at least $80 million in revenue, the article said.

Meanwhile, industry groups continue to pressure the Florida legislature to require Internet sales to be taxed and to reduce taxes paid on commercial real estate leases — which could save brick-and-mortar businesses roughly $235 million per year.

The county itself got a leg-up on revenue last year from trophy real estate sales, while other municipalities’ income shrank, as previously reported. For example, Tiny Indian Creek Village and Bal Harbour saw increases of 19 percent and 15 percent in 2013 due to pricey property deals. [MiamiHerald]Angela Hunt


Related Articles

arrow_forward_ios
Renderings of the project (Courtesy of Pinnacle)

Pinnacle scores $31M for senior affordable housing development

Pinnacle scores $31M for senior affordable housing development
From left: The Bristol in West Palm Beach; 6431 Pine Tree Drive Circle, Miami Beach; 2325 Desota Drive, Fort Lauderdale; and 12520 Seminole Beach Road, North Palm Beach (Realtor, iStock)

South Florida signed resi contracts up in September: Elliman

South Florida signed resi contracts up in September: Elliman
122 Bal Bay Drive, Jerome and Debbie Falic (Credit: BILLY FARRELL/Patrick McMullan via Getty Images)

Duty Free Americas owners purchase another home in Bal Harbour

Duty Free Americas owners purchase another home in Bal Harbour
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order
Rendering of the project

Amazon’s plan for massive warehouse heats up Homestead industrial market

Amazon’s plan for massive warehouse heats up Homestead industrial market
Louise Sunshine with 10225 Collins Avenue

Louise Sunshine buys oceanfront Bal Harbour condo

Louise Sunshine buys oceanfront Bal Harbour condo
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

DeSantis moves Miami-Dade, Broward counties into phase two

DeSantis moves Miami-Dade, Broward counties into phase two
Miami-Dade Mayor Carlos Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...