The Florida Legislature wants to give you something in 2014 — your own money. Lakeland state Rep. Seth McKeel and Palm City state Sen. Joe Negron tell Scott Wheeler of the Lakeland Ledger that lawmakers are poised to give tax cuts for Floridians in the next legislative session, which begins March 4.
“With the modest increase in revenues, we are seriously looking at a substantial tax cut for residents,” said McKeel, who chairs the House Appropriations Committee.
Among the proposals to reduce taxes for next year is an extension of the popular back-to-school sales tax holiday. Instead of lasting a weekend (as it does now), the holiday would be stretched to an entire week.
Negron, the chair of the Senate Budget Committee, is already pushing his favorite tax cut, reducing the tag registration fees which doubled in 2009 due to the poor economy.
“The tag increase in 2009 alone was $230 million,” Negron told reporters.
Other ways the Legislature is looking to reduce taxes are lowering the limits for school boards when making changes property taxes and reducing fees charged on property transfers and mortgages, called “documentary stamps.”
No matter how they arrive at it — either increased revenues or removing tax exemptions — some members of the Legislature are committed to tax cuts for families and individuals next year.