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Effective January 1, 2019, till December 31, 2021, Florida Corporate Income Tax Rate is being reduced from 5.5% to 4.458%. The Florida Department of Revenue foresees a possible further reduction in years 2020 and 2021. Additional information on tax rate changes will be posted on their website.

revenuelaw.floridarevenue.com

Now you don’t have to pay sales tax on donated Tangible Personal Property!

As of July 1, 2019, Florida law has changed in regards to sales tax previously imposed on exempt Tangible Personal Property bought and later on donated.
It means that if your business buys Tangible Personal Property for resale for which sales tax is not paid when acquired, but then you decide to donate it to a qualified organization, you are no longer required to remit sales and use tax on the tangible personal property acquisition cost.

Notice that the donation has to be to an organization exempt from federal income tax pursuant to Section 501 (C)(3) of the Internal Revenue Code. Example, charitable nonprofit organizations.

Note: Tangible personal property is all property than can be touched, other than real estate. Example: Computers, furniture, equipment, etc.
https://revenuelaw.floridarevenue.com/LawLibraryDocuments/2019/08/TIP-122566_TIP_19A01-08_Final_RLL.pdf