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​In Florida Unredeemed Article Sale By Pawnbrokers Is Taxable

Added January 24th, 2014

Florida Administrative Code
Department 12. Department of Revenue
Division 12A. Sales and Use Tax
Chapter 12A-1. SALES AND USE TAX

§ 12A-1.067. Pawnbrokers
Pawnbrokers are primarily engaged in the business of lending money and accepting tangible personal property as security. When unredeemed articles are sold at retail by the pawnbrokers, such sales are taxable, and the pawnbroker must collect and remit the tax thereon.

Laws change and requirements vary by state. This is general information and may be out of date. Check the official state sources, or ask a lawyer, before relying on it.

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