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Automatic Recurring Inventory Maintenance Fees Taxable in Florida


Leasing

Linen companies that provide rental linens and include in the sales price of the rental an automatic and recurring charge – an "inventory maintenance fee" - for the guarantee that inventory levels for a desired linen item remain constant are required to collect and remit Florida sales tax on the inventory maintenance fee.Regardless of whether the charge is considered an "inventory maintenance fee" or a "maintenance warranty fee," it is considered part of the taxable rental of the linens.(Technical Assistance Advisement, No. 14A-003, Florida Department of Revenue, February 13, 2014)

(04/07/2014)
(New)
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