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tax revenue

Airbnb says county agreements should lead it to equal 2016 tax payments in first six months

in Apolitical/Top Headlines by

Vacation home-rental marketing giant Airbnb said Tuesday its expanding list of tax agreements and its growing business should lead it to equal last year’s total sales and tourist tax payments just in the first six months of 2017. The company announced that its five-month totals in sales and tourist taxes paid to the state and individual counties surpassed $18 million through June 1, so it expects to clear $20 million by July 1. Last year the company’s combined total for…

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State officials: Medical cannabis expansion could add $11.4 million in revenue

in Statewide/Top Headlines by

A panel of state economists has estimated a minor expansion in Florida’s fledgling medical marijuana regime could add up to $11.4 million in new tax revenue. The Revenue Estimating Impact Conference met on Tuesday for its annual post-Session hearing, where economists from the Legislature, Governor’s office, and state agencies analyzed the likely fiscal costs and benefits of new laws approved during the 2016 lawmaking period. The highest-profile bill considered by the panel was HB 307, an expansion of the state’s “Right…

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