Florida business

Regulators approve 14.5 percent workers compensation premium hike

Published on September 27, 2016 in Statewide/Top Headlines by Staff Reports

State regulators Tuesday approved a 14.5 percent average increase in workers’ compensation insurance premiums — less than the 19.6 percent hike sought by an industry council. The new rates take effect Dec. 1. The original rate proposal by the National Council on Compensation Insurance, or NCCI, would have taken effect on Oct. 1. The higher rates apply to new and renewed policies but not to existing coverage, the Florida Office of Insurance Regulation said. NCCI proposed new rates in May…

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New business coalition video calls for elimination of Florida Rent Tax

Published on December 17, 2015 in Statewide/Top Headlines by Phil Ammann

Florida businesses pay too much in a rent tax, and a new coalition is looking to change that starting with the 2016 Legislative Session. In a new video released Thursday, the Business Rent Tax Coalition, a group of small businesses and other business interests, calls for lawmakers to eliminate Florida’s 6 percent business rent tax over the next six years, beginning with a 1 percent cut starting next year. “Florida is moving in the right direction,” the video says, “taxes…

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