$150 Million in Possible Tax Savings

Initial Florida House Tax Package Offers $150 Million in Savings

Florida families and job creators could see savings on cell phones, the business rent tax, back-to-school shopping and more under the initial tax package the Florida House proposed. In total, the House’s tax package calls for $150 million in savings, and is a starting point as the House and Senate prepare to negotiate the state’s budget in the remaining weeks of the 2020 Legislative Session.

The House’s tax savings package includes Florida Chamber-backed targeted tax savings, including:

• A reduction of the Communications Services Tax by 0.5 percent,
• A reduction of the Business Rent Tax from 5.5 to 5.4 percent, or $30 million,
• A three-day back-to-school sales tax holiday on clothing less than $60, and on the first $1,000 on computers, and
• A seven-day disaster preparedness sales tax holiday.

The initial House tax package also included other tax policy changes, some that would impact industries differently. These changes include:

• Allowing the use of Tourism Development Tax dollars for water quality improvement projects,
• Changing how the property tax exemption is calculated for non-profit hospitals,
• Increasing the aviation fuel tax refund for certain carriers from 1.41 cents per gallon to 2.38 cents per gallon,
• Allowing the use of the local option food and beverage tax to be used for water quality improvement projects, and
• An increase in the brownfields tax credit.
The Senate will release its tax proposals in the coming weeks. The Florida Chamber will continue to monitor in an effort to advocate for smarter and competitive tax policies. Join us in this effort by signing this petition.

Share the Impact to Your Business

Contact Carolyn Johnson at 850-521-1235 or cjohnson@flchamber.com to share how some of these proposals will impact your business.

Florida’s Tax-Free Holiday for Back-to-School Shopping is August 2-6

As one of the nation’s top business climates, the progress Florida has made on growing a globally competitive economy is helping lower the cost of living for families and the cost of doing business for job creators.
In another step forward on targeted tax reforms, Florida’s annual back-to-school sales tax holiday is just around the corner. From August 2-6, Floridians can enjoy savings on tax-free eligible items like clothing, accessories, binders, printer paper and more, including:

  • Clothing, footwear, and certain accessories selling for $60 or less per item,
  • Certain school supplies selling for $15 or less per item, and
  • Personal computers and certain computer-related accessories selling for $1,000 or less per item, when purchased for noncommercial home or personal use.

Is Your Family and Business Prepared for Hurricane Season?

Florida has already seen multiple tropical disturbances this Hurricane Season, so don’t be the last one prepared. Visit the Florida Chamber Hurricane Center to have all the resources you will need to be storm ready.

Senate Committee Advances Pro-Business Tax Reform Package

The Florida Senate Appropriations Committee today advanced a Florida Chamber-backed tax reform package that supports job growth and strengthens Florida’s economic competitiveness. HB 7109 removes uncompetitive tax policies like the Florida-only business rent tax. The tax package that advanced today includes:

  • A first step in fully repealing the Florida-only business rent tax (a .2 percent reduction),
  • Provides $18 million in available tax credits for qualifying R&D in the 2018 application period, and
  • Tax cuts for families, including a three-day back-to-school sales tax holiday.

The bill now travels to the full Florida Senate for a vote and will also need to pass the House before Friday, the scheduled conclusion of the Legislature’s 60-day session. The Florida Chamber thanks Representative Jim Boyd and Senator Kelli Stargel for their work on this tax package.

Be the First to Know

Be among the first to know what passed, what failed, the details of Florida’s newly passed budget, and if lawmakers worked to make Florida more competitive when the Florida Chamber releases its end of session report on Friday, May 5 – the final day of the 2017 Legislative Session. Don’t miss out on this exclusive member benefit. Email Christi McCray today.

Florida Legislature Passes Florida Chamber Tax Cut Priorities

Targeted Tax Reform Package Will Help Lower Cost of Living and Doing Business

TALLAHASSEE, FL. (June 15 , 2015) – The Florida Chamber applauds the Florida Legislature for their commitment to lowering the cost of living and cost of doing business in Florida by passing a targeted tax reform package.

“Lawmakers took a positive step today by passing several of the Florida Chamber’s targeted tax reform priorities,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “We commend the House and Senate for their work on negotiating a meaningful tax cut package and we look forward to Governor Rick Scott signing it into law.”

Driving a fair and equitable tax system is key to attracting and retaining businesses in Florida. Limiting burdensome taxes by enacting smart and targeted tax reforms help place money back into the pockets of Florida’s families.

Targeted Tax Reforms Cuts Include:

  • A reduction in the communications services tax (CST),
  • An increase in the research and development tax credit,
  • Extended bonuses in enterprise zones for two years for companies currently receiving bonuses, and
  • Create a 10 day Back-to-School Sales Tax Holiday.

The bill now heads to Governor Rick Scott ‘s desk for signature.

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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.

Senate Appropriations Committee Passes Florida Chamber Tax Cut Priorities

Targeted Tax Reform Package Heads to Full Senate- Will Help Lower Cost of Living and Doing Business

The Florida Chamber applauds the Florida Senate Appropriations Committee for their commitment to lowering the cost of living and cost of doing business in Florida by passing a targeted tax reform package today.

“The Florida Senate Appropriations Committee took a positive step today by passing several of the Florida Chamber’s targeted tax reform priorities,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “We commend the House and Senate for their work on negotiating a meaningful tax cut package and we look forward to seeing it become law.”

Driving a fair and equitable tax system is key to attracting and retaining businesses in Florida. Limiting burdensome taxes by enacting smart and targeted tax reforms help place money back into the pockets of Florida’s families.

The Targeted Tax Reforms in HB 33A Would:

  • Reduce communications services tax by 1.73 percent,
  • Increase the research and development tax credit from $9 million to $23 million for 2016,
  • Extend bonuses in enterprise zones for two years for companies currently receiving bonuses, and
  • Create a 10 day Back-to-School Sales Tax Holiday.

What’s Next?

The bill will now go to the Senate Floor and return to the Florida House for amendments or passage.

Share Your Story:

How will these targeted tax cuts help your business grow? Let us know by emailing cjohnson@flchamber.com.

Targeted Tax Reform Package Will Help Lower Cost of Living and Doing Business

House Passes Florida  Chamber Tax Cut Priorities

TALLAHASSEE, Fla. (June 5, 2015) – The Florida Chamber applauds the Florida House of Representatives for their commitment to lowering the cost of living and cost of doing business in Florida by passing a targeted tax reform package last week.

“We are proud of the work the Florida House has done to pass targeted tax reforms that will put money back in the pockets of Floridians and make Florida even more competitive,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “Today’s victory is a step in the right direction for our state.”

Driving a fair and equitable tax system is key to attracting and retaining businesses in Florida. Limiting burdensome taxes by enacting smart and targeted tax reforms help place money back into the pockets of Florida’s families.

The Florida Chamber commends the Florida House for passing the following targeted tax reforms in HB 33A:

  • Communication Services Tax cut,
  • Reducing sales taxes on commercial leases,
  • Back-to-School Sales Tax Holiday,
  • Small Business Saturday Tax Holiday, and
  • Research and Development tax cut.

“This opportunity puts additional money in the pockets of hard working families, but could mean the difference in job creation and business expansion,” said Dennis Grady, President and CEO of the Chamber of Commerce of the Palm Beaches. “Our Florida economy is at its best when the legislature returns tax payer dollars to those who could use it the most.”

House Passes Florida Chamber Tax Cut Priorities

FOR IMMEDIATE RELEASE
CONTACT: Edie Ousley, 850-521-1231 or 850-251-6261
eousley@flchamber.com

 

Targeted Tax Reform Package Will Help
Lower Cost of Living and Doing Business

TALLAHASSEE, FL. (June 5 , 2015) – The Florida Chamber of Commerce today applauds the Florida House of Representatives for their commitment to lowering the cost of living and cost of doing business in Florida by passing a targeted tax reform package.

“We are proud of the work the Florida House has done to pass targeted tax reforms that will put money back in the pockets of Floridians and make Florida even more competitive,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “Today’s victory is a step in the right direction for our state.”

Driving a fair and equitable tax system is key to attracting and retaining businesses in Florida. Limiting burdensome taxes by enacting smart and targeted tax reforms help place money back into the pockets of Florida’s families.

The Florida Chamber commends the Florida House for passing the following targeted tax reforms in HB 33A:

  • Communication Services Tax cut,
  • Reducing sales taxes on commercial leases,
  • Back-to-School Sales Tax Holiday,
  • Small Business Saturday Tax Holiday, and
  • Research and Development tax cut.

“This opportunity puts additional money in the pockets of hard working families, but could mean the difference in job creation and business expansion,” said Dennis Grady, President and CEO of the Chamber of Commerce of the Palm Beaches. “Our Florida economy is at its best when the legislature returns tax payer dollars to those who could use it the most.”

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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.

House Approves Florida Chamber Priorities in House Tax Reform Package

The Florida House Finance and Tax Committee passed a $436 million tax cut package today, which included the following important Florida Chamber priorities:

  • Communication Services Tax cut,
  • Reducing sales taxes on commercial leases,
  • Back-to-School Sales Tax Holiday,
  • Small Business Saturday Tax Holiday, and
  • Research and Development tax cut.

Florida Chamber Executive Vice President David Hart testified before the committee this morning emphasizing the Florida Chamber’s support of the plan and urging lawmakers to consider dedicating more funds to targeted tax reform. In fact, according to a new Florida Chamber poll, 72 percent of voters support a reduction of the Communication Services Tax.

The House tax relief package was approximately $690 million during the Regular Session, but has since been reduced to approximately $436 million because of budget concerns stemming from other issues, such as healthcare reform.

Florida Chamber Executive Vice President David Hart testifies in support of Florida Chamber targeted tax reform priorities at the House Finance and Tax Committee on June 2, 2015.

Today’s passage of the House Finance and Tax Committee’s tax relief package (HB 33-A) is just the first step, however, as the entire House and Senate must ultimately agree on the content and amount of such legislation during the Special Session.

The Florida Chamber is pleased with today’s vote and will continue to advocate for targeted tax reform that puts money back into the pockets for Florida’s small businesses and families. We will share updates and insights on this subject in the near future.

More Targeted Tax Reforms:

Click here to learn more about what the Florida Chamber is doing to make Florida more competitive via targeted tax cuts.

Florida Chamber’s Targeted Tax Reforms Include Communications Service Tax Cut

As Florida lawmakers prepare for the June 1-20 special legislative session to pass a balanced budget, the Florida Chamber of Commerce is encouraging legislators to also lower the cost of living and the cost of doing business through targeted tax reforms.

“Special session has a lot on the table, including the creation of a state budget and the chance for meaningful healthcare reform,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “The Florida Chamber is optimistic that the Florida Legislature can work through these items and still pass targeted tax reforms that will put money back in the pockets of Floridians and make Florida even more competitive.”

Driving a fair and equitable tax system is key to attracting and retaining businesses in Florida. Limiting burdensome taxes by enacting smart and targeted tax reforms helps place money back into the pockets of Florida’s families.

For a more competitive Florida, the Florida Chamber supports the following targeted tax reforms:

  • Communications Service Tax (CST) cut,
  • Reducing sales taxes on commercial leases,
  • Back-to-School Sales Tax Holiday,
  • Small Business Saturday Tax Holiday,
  • Research and Development tax cuts,
  • Defense contracting tax credit.

    “The Florida legislature has the important responsibility of crafting the state budget during the special session, but also has a great opportunity to reduce taxes for Florida’s families and businesses,” said Dennis Grady, President and CEO of the Chamber of Commerce of the Palm Beaches. “This opportunity can not only put additional money in the pockets of hard working families, but could mean the difference in job creation and business expansion. Our Florida economy is at its best when the legislature returns tax payer dollars to those who could use it the most.”

Florida Chamber members and partners look forward to working with lawmakers during the special session to help ensure targeted tax reforms can further help attract and retain jobs.

Take Action Now

How will targeted tax reforms help your business grow? Share your story by emailing me at cjohnson@flchamber.com.

Florida Chamber’s Targeted Tax Reforms Will Lower Cost of Living and Cost of Doing Business

As Florida lawmakers prepare for the June 1-20 special legislative session to pass a balanced budget, the Florida Chamber of Commerce is encouraging legislators to also lower the cost of living and the cost of doing business through targeted tax reforms.

“Special session has a lot on the table, including the creation of a state budget and the chance for meaningful healthcare reform,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “The Florida Chamber is optimistic that the Florida Legislature can work through these items and still pass targeted tax reforms that will put money back in the pockets of Floridians and make Florida even more competitive.”

Driving a fair and equitable tax system is key to attracting and retaining businesses in Florida. Limiting burdensome taxes by enacting smart and targeted tax reforms helps place money back into the pockets of Florida’s families.

For a more competitive Florida, the Florida Chamber supports the following targeted tax reforms:

  • Communications Service Tax (CST) cut,
  • Reducing sales taxes on commercial leases,
  • Back-to-School Sales Tax Holiday,
  • Small Business Saturday Tax Holiday,
  • Research and Development tax cuts,
  • Defense contracting tax credit.

    “The Florida legislature has the important responsibility of crafting the state budget during the special session, but also has a great opportunity to reduce taxes for Florida’s families and businesses,” said Dennis Grady, President and CEO of the Chamber of Commerce of the Palm Beaches. “This opportunity can not only put additional money in the pockets of hard working families, but could mean the difference in job creation and business expansion. Our Florida economy is at its best when the legislature returns tax payer dollars to those who could use it the most.”

Florida Chamber members and partners look forward to working with lawmakers during the special session to help ensure targeted tax reforms can further help attract and retain jobs.

Take Action Now

How will targeted tax reforms help your business grow? Share your story by emailing me at cjohnson@flchamber.com.