House Ways and Means Committee Passes Tax Package Lowering Florida-Only Business Rent Tax
On February 14, the House Ways and Means Committee passed the House tax package, which includes a reduction in the Florida-only Business Rent Tax. This targeted tax reform will provide a more equitable and competitive tax system for Florida.
WMC 18-03, better known as the Florida House tax package, would reduce the Florida-only business rent tax from 5.8 percent to 5.5 percent and create sales tax holidays for hurricane preparedness and back-to-school. Reducing the business rent tax will allow businesses, particularly small businesses, to hire more employees, raise wages and invest back into their businesses.
Two Ways to Get Involved
- Sign the Petition – The Florida-only business rent tax disproportionately harms small business and makes Florida less competitive. Sign the petition to call on Florida lawmakers to cut the business rent tax.
- Watch Video – Citrus County business leaders spoke with the Business Rent Tax Coalition on why it is important to cut the Florida-only business rent tax. Watch the full video below.
Florida Chamber’s International Days Focuses on Making Florida More Competitive
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CONTACT: Edie Ousley, 850-521-1231 or 850-251-6261
Global Economic Opportunities Takes Center Stage
TALLAHASSEE, FL. (April 8, 2015) – International businesses leaders joined forces today at the Florida Chamber of Commerce’s International Days to focus on making Florida more competitive through global economic opportunities. Leaders from Shanghai to Canada, representatives from Fortune 500 companies and Florida’s 15 deep water seaports, the state’s leading economic development and transportation agencies are taking part in the state’s premier international event.
Global trade is big business in Florida. International business and foreign direct investments accounts for about 17 percent of Florida’s economic activity and supports more than one million Florida jobs. Florida is also home to more than 60,000 firms dedicated to bringing their goods and services to consumers around the globe – many of them small to medium sized businesses.
“It’s Florida’s time because we are in the right position, we have the right culture, we have the right infrastructure,” said Lee Sandler, chair of the Florida Chamber’s International Business Council. “So Florida, and Floridian companies, are really in a position to take advantage of the global economy in ways we didn’t have available before.”
In Florida, global trade means high-wage jobs and economic prosperity. According to a recent Florida Chamber Foundation Did You Know, Florida is the seventh largest exporter of state-origin products.
“Florida has come a long way in building international economic development efforts, but our work is far from over,” said Doug Davidson, Market Executive of Global Commercial Banking at Bank of America Merrill Lynch. “At Bank of America, we support the Florida Chamber Foundation’s research in trade and logistics because we know that Florida’s future lies in being globally competitive.
Lt. Governor Carlos Lopez-Cantera and Secretary of Commerce Bill Johnson kicked-off the two-day event, and additional speakers will include Secretary of Transportation Jim Boxold, along with keynote speakers: Fredrik Eliasson, Executive Vice President and Chief Financial Officer, CSX Transportation, and John Murphy, Senior Vice President for International Policy at the U.S. Chamber of Commerce.
A complete line up of panels and speakers is located here.
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.