Oct 1, 2022
Florida Tax Relief – Gov. Ron DeSantis Announces Tax Relief For Florida
Florida Governor Ron DeSantis announced a tax break plan on Friday that he hopes will ease the tax burden on Florida families. The tax break is slated to save Floridians an estimated $1.1 billion over the next decade. It would reduce taxes on items such as diapers, clothes, and sports equipment for children. The plan also calls for a one-month Fuel Tax Holiday, which will lower gas prices by 25 cents per gallon.Florida Tax Debt Relief
In order to combat inflation, Florida Gov. Ron DeSantis recently signed HB 7071, the largest tax relief plan in state history. The bill includes tax breaks for important household items and supplies, like diapers, clothes, and disaster supplies. The proposal is expected to save Floridians an additional $190 million in taxes over the next two years.
Get Tax Relief Attorneys to Assist you today
House Bill 7071 also includes a gas tax holiday. This tax break provides relief for consumers who are struggling to pay high gas prices, and it can help them save on essential household items like gasoline. As oil prices rose last winter following the Russian invasion of Ukraine, average gasoline prices skyrocketed. The bill also includes a tax break for outdoor equipment, such as bicycles.
Get a Free Consultation on Tax Relief
While the tax break is welcome, it will ultimately be up to the Florida Legislature to approve the package. The Legislature is expected to meet between March 7 and May 5.
-
More Details