Artists may get help from Florida state Government.
Art collectors would not have to pay any Florida sales tax on signed works they purchase directly from the Florida artist under a proposed bill aimed at stimulating art sales and preventing investments in art from being taxed twice.
The bill, HB 89, is the second attempt by state Rep. David Richardson, D-Miami Beach, to lift the sales tax on original, signed works of art, priced over $1000 and sold by the artist. The 2014 bill died in the House Finance and Tax Subcommittee, but Richardson believes the bill being offered for the 2015 legislative session answers many of the questions that stalled the bill this year.
Dan Strothers Fine Art applauds this proposal from the Miami congressman because it will generate more art sales for artists who may not be represented by fine art galleries. Sales tax can be a large hit on an original piece of fine art at 6-7% can easily reach $1000 and be the deciding factor of the sale. This will be especially helpful in the larger cities like Miami, Ft. Lauderdale, Boca Raton, Orlando, Naples, Sarasota, Tampa and St. Petersburg where galleries prices are high and entry by artists is difficult.