Florida lawmakers have passed a $196 million tax relief package for Floridians. This package includes a new tax holiday and a number of tax credits and exemptions. It was put together by the House Ways and Means Committee and unanimously approved by the House and Senate. It now heads to the governor’s desk for approval.Get Tax Relief Attorneys to Assist you today
The tax break will allow Floridians to spend more money on essential items. The rebate will make things like gasoline, diapers, and disaster supplies less expensive. In turn, this will allow people to pay their bills more quickly. Aside from making these items cheaper, this plan also allows Floridians to save more money overall.
Learn More About Reducing Your Tax
The new bill will also extend several existing tax breaks to Floridians. For example, dozens of essential items will be tax free in October, such as gas. This will allow drivers to save up to $2.25 per gallon on gas. The bill also increases the number of tax holidays available to Floridians.
tax debt relief attorneys in Tampa
A back-to-school sales tax holiday will be extended to ten days. This means that school supplies, clothing, and shoes that cost less than $60 will no longer be subject to sales tax. Additionally, children’s bicycle helmets, booster seats, and other products will also be exempt from sales tax for a full year. Combined with a tax holiday for hurricane supplies, these provisions will save consumers over $70 million.
-