FGCAR Deems Florida Lawmakers’ Reduction of Business Rental Tax Economically Damaging

The Florida Gulfcoast Commercial Association of Realtors® (FGCAR) stands behind its position that the recently reduced business rental tax by the Florida Senate remains economically damaging to business, even as a very small measure of relief was accomplished. A tax on businesses works against commercial development and creates a disincentive for businesses to locate in Florida, maintains the organization that comprises over 400 commercial real estate brokers and professional affiliates in the Tampa Bay region.

“The business rent tax should not merely be reduced, but eliminated. Florida is the only state in the union that charges such a tax,” said Brian Andrus, president of FGCAR. “It is one of those factors that contributes to suppressing job growth and, therefore, economic activity.”

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