The extra gross sales tax levied by particular person counties in Florida, past the statewide gross sales tax charge, is termed the discretionary gross sales surtax. Its calculation entails multiplying the taxable quantity of a sale by the relevant surtax charge for the precise county the place the transaction happens. As an example, if a purchase order totals $100 and the county’s surtax charge is 1%, the surtax is calculated as $100 x 0.01 = $1.00. The whole gross sales tax due is then the sum of this surtax and the statewide gross sales tax on the acquisition.
This extra income stream is important for funding native authorities initiatives, together with infrastructure enhancements, transportation initiatives, and numerous group providers. Traditionally, the authorization for counties to impose such surtaxes offered them with a higher diploma of economic autonomy and enabled them to handle particular native wants extra successfully. It permits for sources to be directed in direction of initiatives deemed important by the native inhabitants.
