COIN LAUNDRIES AND SALES TAX

Provided by Commercial Sales – 2001

Most coin laundry revenues are specifically exempted from Florida sales tax, but some of your revenues are taxable. Revenues from washers, dryers, wash dry fold and dry cleaning are not subject to sales tax.

However, revenues from sales of products, such as soaps, bleaches, sodas and snacks are taxable. This is true even if they are sold through vending machines and you did not have the opportunity to add the 6% sales tax to the vend price. Essentially, the state assumes that you actually sold a 50 cent box of soap for 47 cents, and collected 3 cents of sales tax.

The sales tax you collect is to be remitted monthly to the state using Form DR-15, due the 20^th of the following month. Because most coin laundries generate only small amounts of sales tax, you may request to be a quarterly filer, meaning you will only pay sales taxes every three months.

Additionally, all vendors who sell taxable products through vending machines are required to report taxable vending revenue, and sales tax collected, to the state. This data is sent in on Form DR-15VO and is for informational purposes only, as the sales tax is actually paid along with the monthly or quarterly forms discussed above.

Be sure to provide your suppliers or vendors of taxable products with a resale certificate when you buy your vending products, so that you will not pay sales taxes on the products you buy that are intended for resale to your customers.