DeSantis signs into law tax 'holidays' for gas, schools, hurricanes, - Orlando Sentinel

TALLAHASSEE — Sales-tax “holidays” on such things as school clothes, hurricane supplies and tools and a suspension of the state gas tax in October topped a package signed into law Friday by Gov. Ron DeSantis.

The measure (HB 7071), passed by the Legislature in March, will reduce state and local revenues by $804.3 million during the upcoming fiscal year, according to a House staff analysis. The total will increase to about $1.1 billion when future impacts are factored in.

Along with holding traditional tax-holiday periods before the school year and as hurricane season starts, the package will eliminate taxes during all or part of the 2022-2023 fiscal year on items including baby clothes, diapers, children’s books, Energy Star appliances, impact-resistant doors and windows, new mobile homes and admissions to Formula One Grand Prix races and the Daytona 500.

source: https://www.orlandosentinel.com/politics/os-ne-desantis-signs-tax-cuts-20220506-gkgo2cksgbaszhlkro34a4orzu-story.html

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.