Florida Tax Relief – A New Sales Tax Holiday and Other BenefitsFlorida Tax Relief – A New Sales Tax Holiday and Other Benefits
The Florida Legislature has approved a $196 million tax relief package, which includes a new tax holiday, new tax credits and other benefits. The bill, known as House Bill 7061, was put together by the House Ways & Means Committee and passed both houses unanimously. It now goes to Governor Ron DeSantis for his signature.Get Relief from Taxes Now
The new bill includes the largest tax relief package in state history, according to Gov. Ron DeSantis. It contains tax breaks for things like fuel, diapers, and outdoor sports supplies. Many people in Florida will benefit from these tax breaks, as they will pay less tax for these essentials. This will save families a ton of money.
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The $1.1 billion tax relief package also proposes to make a sales tax exemption permanent on items that are essential for infants and toddlers. For example, the state is proposing to make infant cribs and strollers exempt from sales tax. It also plans to make over-the-counter pet medications and medical supplies tax-free for one year. The governor also wants to extend the back-to-school sales tax holiday for another year.
During the holiday, Florida consumers can purchase items used by skilled tradespeople without paying sales tax. Several items qualify for the sales tax holiday, including bicycles, tools, bicycles, and camping equipment. Customers can purchase an unlimited amount of qualifying items, but those that exceed the limit will be charged sales tax.