With computers returned to the discount list, Florida retailers are readying for back-to-school shoppers this weekend during the state’s sales-tax “holiday.” The holiday, which will run Friday through Sunday is a large part of a tax-cut package (HB 7109) that lawmakers passed this spring. The package is projected to provide $91.6 million in tax breaks during the budget year that started July 1.
Florida legislators passed 279 bills during this year’s session three months ago, and 162 of them take effect on Friday with the start of the state’s fiscal year, affecting school choice, abortion, tax cuts and many more aspects of life in the Sunshine State. Here’s a roundup of some of the measures taking effect: BUDGET: The $82.3 billion budget was passed by a combined vote of 159-1. It includes more than $700 million for school construction and $203.8 million for…
Florida’s back to school sales tax holiday will be scaled back this year. A key Senate panel on Thursday approved a bill that would cut back the tax holiday from 10 days to just three days in August. During that time period shoppers will be able to purchase clothes and school supplies without paying sales taxes. Legislators are limiting the tax holiday to clothes that cost $60 or less. Last year the tax holiday covered anything that cost $100 or…
State Sen. Rene Garcia has again filed legislation to create a “Small Business Saturday sales tax holiday.” The bill (SB 1236) was filed Wednesday for the 2016 Legislative Session. The Miami Republican filed a similar bill for last session but it and a House companion died in committees. The idea has been supported by the National Federation of Independent Business, saying it would “encourage consumers to patronize their local independent businesses during the year’s busiest shopping weekend.” The tax holiday would be next Nov.…
