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Florida: First Budget Sales Tax Plan

  • Dec 1, 2015 | Gail Cole

 New Florida budget proposal includes $1 billion worth of tax cuts.

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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Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.