Amazon sales tax to add $80M annually to Florida

Physical locations in state mean virtual retailer subject to levy

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

South Florida Logistics Center

JPMorgan buys Amazon-leased warehouse next to Miami International Airport

14900 Northwest 22nd Court with Jonathan De La Rosa and Ben Silver

Opa-Locka warehouse near Amazon distribution center sells amid rising demand

(Credit: iStock, Oceana Bal Harbour)

South Carolina newspaper family’s trust buys Oceana Bal Harbour condo

88 Bal Bay Drive with Jeff Miller and Ruth and Alan Zelcer

Underwear manufacturers shed Bal Harbour mansion for $12M

Morris Gad and St. Regis Bal Harbour

Diamond in the rough: New York jeweler buys condo at St. Regis Bal Harbour

224 Bal Bay Drive with Dina Goldentayer and Michael Polsky

Waterfront Bal Harbour home trades for $24M, setting new record

Julio Gimenez wants to build a $298 million steel mill project (Credit: iStock)

Miami-Dade mayor’s son wants to build a $300M steel mill on county-owned land

The week in luxury: A map of Miami-Dade’s priciest condo sales