Your Homeowners’ Association May Not Be Taking Advantage of a Favorable Tax Break (FL)

A major expense for many homeowners’ and condominium owners’ associations is the cost of the utilities for common areas of the communities. The good news for such associations, however, is that they are entitled to an exemption for the sales tax related to their utilities as long as a few requirements are met—a fact of which many associations are not even aware.   Read the article…………..