In an announcement on Monday, Gov. Ron DeSantis proposed a tax relief package that includes the permanent elimination of the 'Business Rent Tax'. The current 2 percent tax is applied to the total rent charged for leasing or granting a license to use a commercial property in Florida unless exempt. Gov. DeSantis touted this proposal as the biggest tax cut for this fiscal year, which would save business owners an estimated $1.6 billion collectively. "Florida is one of the few states and maybe the only state that taxes business rent," DeSantis said. "We brought it down a lot since I've been governor but I'm proposing to put that on the path to elimination within two years." The proposal calls for the tax to drop to 1 percent by January 2026 and then be eliminated a year later. Following separate legislation just last summer, the state implemented a lower Business Rent Tax from 4.5 percent to the current tax of 2 percent. Some business owners said this initiative would go beyond helping their bottom line. MORE: https://www.wtsp.com/article/money/business/desantis-business-rent-tax/67-81fc868d-2c45-435b-89be-c52c0975b277