Florida Sales Taxes Versus Property Taxes
- Sales Tax News
- Jan 6, 2012 | Susan McLain
Florida is considering pitting sales taxes against property taxes when the legislative session resumes next week. According to My Fox Tampa Bay online, state lawmakers are considering raising the state sales tax to 3%, while eliminating school property taxes. Supporter Representative Fred Costello of Ormond Beach thinks it’s a great idea and has coined the hike an “education surtax.”
Florida Retail Federation representative Rick McAllister has a bit different opinion of the idea. He says relying heavily on sales taxes “…creates a big risk if the economy turns sour.” And raising the sales tax up to 10% might be a deterrent to consumers.
Also against the bill is the Florida School Boards Association. They feel “…relying mainly on sales taxes to pay for education and other state services would be dangerous.”
Being a tourism driven state, there is risk in relying on sales tax alone, according to spokesman Wayne Blanton. After 9/11, tourism took a nose-dive and millions of dollars of revenue counted on for the state economy dried up.
Next week is looking to be an exciting sales tax news week as legislative sessions return to business after what appeared to be a strong holiday in the economy.