Sales-tax holidays ahead for storm prep and school; there’s a new break on insurance premiums, too
Florida is once again giving back some of the tax money it collects to residents.
As usual, the annual “sales tax holidays” are going into effect — periods during which sales tax isn’t levied on certain types of spending.
New this year: A one-year elimination of the tax on residential property and flood insurance premiums.
House Bill 7073, signed into law Tuesday by Gov. Ron DeSantis, had support from Democrats and Republicans. No one in the state Senate or the state House of Representatives voted against it.
The total of the tax relief is $1.07 billion, the governor’s office said. By contrast, the total state budget as passed by the Legislature totals $117.46 billion, an amount that’s likely to come down somewhat when DeSantis acts on the budget for the fiscal year beginning July 1.
He said Tuesday that would happen “probably in the not-too-distant future.” He’s been using the time since the Legislature passed the budget on March 8 to travel the state and tout his support for popular provisions in the spending plan, generating many days of positive publicity.