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tax exemptions

A real fright for Halloween: Florida tax rules on candy, treats

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For many Floridians, the most unsettling part of Halloween isn’t ghosts, goblins, or zombies. It’s figuring the state’s tax rules on candy. The innocent goody bag can become a minefield of tax policy, with often-confusing rules governing grocery store purchases statewide and throughout the country. Florida TaxWatch, the nonprofit bipartisan government watchdog, uses Halloween to demonstrate exactly which goodies are taxable and which are not. “Florida shoppers know that most of their groceries are tax-free, but the rules can get very tricky,…

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Florida most veteran-friendly state, new report shows

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Florida is the most veteran-friendly state in the U.S., offering some of the most generous tax benefits for former and current service members, according to a new report by independent government watchdogs Florida TaxWatch. To coincide with Veterans Day, TaxWatch released the study about the 1.6 million veterans living in the Sunshine State, a number which translates to one out of every 12 adult Floridians. More World War II vets live in Florida than any other state, the report says,…

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State panel: Medical pot can be taxed

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If Florida ever approves medical marijuana for sale in the state, expect to pay tax on it. Medical pot is “tangible personal property” that is “subject to sales and use tax,” a state economics panel has found. “Annual state and local government sales tax revenues could increase by an estimated $67 million after taking into account lawful consumption of medical marijuana,” according to a summary of its report posted online this week. The Financial Impact Estimating Conference also determined that marijuana “is…

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Pinellas County cracking down on undeserved tax exemptions

in The Bay and the 'Burg by

Finding funds lost to erroneous tax exemptions is a meticulous business, perhaps too meticulous for just two people. Currently, only a couple county employees with the Property Appraiser’s Office are responsible for identifying Pinellas’ undeserved personal property tax exemptions. A move made by County Commissioners last week, however, which allows property tax dollars to be used as funding for exemption audit services, will pave the way for an outside company — Tax Management Associates, Inc. (TMA) — to move in…

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Something about congressional candidate Eric Lynn doesn’t add up

in The Bay and the 'Burg/Top Headlines by

After yesterday’s historic redistricting ruling, I started thinking more about the possible candidates who might run in a redrawn Congressional District 13. Right now, the Democrats only have one official candidate: Eric Lynn. But something about Lynn doesn’t add up. Despite having enough wealth to afford $1.3 million in real estate assets, including a $700,000 townhome in DuPont Circle in Washington, D.C., and a 2,500-square-foot home in Rockville, Md., assessed at $590,467, Lynn still chose to douse his Congressional campaign in…

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