Florida Tax Cuts Signed Into Law [Florida]

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Gov. Rick Scott signed tax and fee cuts into law on May 11, 2014. The key cuts are:

a. three sales tax holidays—one each for hurricane supplies, back to school supplies and energy efficient appliances;

b. sales tax exemptions on child car seats, youth bicycle helmets, college meal plans, therapeutic pet foods and cement mixers; and

c. a reduction in electricity taxes.

These cuts are expected to save Floridians more than $121 million in taxes. Last month, cuts in motor vehicle fees of $400 million were also enacted.

 

Topics:  New Legislation, Tax Cuts

Published In: General Business Updates, Energy & Utilities Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Charles (Chuck) Rubin, Gutter Chaves Josepher Rubin Forman Fleisher P.A. | Attorney Advertising

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