Florida: First Budget Sales Tax Plan
- Sales Tax News
- Dec 1, 2015 | Gail Cole
Governor Rick Scott has released a budget proposal that he claims will diversify the state's economy and make Florida #1 for job growth. Scott's Florida First Budget also cuts $1 billion in taxes and decreases the number of state employees by 864.
Proposed sales tax changes (with $ tax cuts):
- Create two one-time sales tax holidays ($72.8 million)
- 10-day back-to-school sales tax holiday
- 9-day disaster preparedness sales tax holiday
- Extend the sales tax exemption on college textbooks for 1 year ($46 million)
- Permanently eliminate the tax on manufacturing machinery and equipment ($76.9 million)
- Reduce the tax on commercial leases ($339 million)
The budget proposal is sure to spark much discussion in the Legislature when the regular session starts on January 12, 2016. Read the complete budget recommendation here.
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