TALLAHASSEE, FLORIDA — Floridians are in for a massive tax relief package, adding to a session that delivered a total of $2.7 billion in tax savings for families, businesses, and properties statewide.
SALES TAX HOLIDAYS
HB 7063, sponsored by Sen. Blaise Ingoglia, implements two, 14-day back-to-school tax holidays: these provide tax exemptions on school supplies, personal computers, clothing, etc.
It imposes two, 14-day “disaster-preparedness” sales tax holidays, in anticipation of hurricane relief. This includes household cleaning supplies, flashlights, fuel tanks, etc.
The bill creates a “Freedom Summer” sales tax holiday, applying to certain outdoor gear, recreational supplies and children’s toys, further making ticket admissions to sporting and cultural events tax free.
PERMANENT TAX RELIEF
Ingoglia’s bill goes beyond brief tax holidays, implementing permanent sales tax exemptions on diapers, wipes, clothing, strollers, cribs and other baby safety items. It similarly exempts toothbrushes, toothpaste, and adult incontinence products.
It goes on, permanently exempting devices used for the storage of firearms, including gun safes, as well as renewable natural gas machinery and equipment.
MORE TAX RELIEF
The bill provides for both property tax relief and business tax relief, expanding property tax exemptions to spouses of federal law enforcement officers killed in the line of duty. It continues, cutting the business rent tax from 5.5 percent to 4.5 percent beginning in December.
The massive tax relief passed the Florida Legislature unanimously, providing massive relief for all Floridians from all walks of life.
