Senate Tax Package Benefits Families and Job Creators

Senate Tax Package Unveiled in Final Days of Session

On March 11, 2020, the Senate released its initial version of the 2020 tax package in the Senate Appropriations Committee. The proposed Senate tax package mirrors many provisions of the House tax package and is set to be heard on the Senate floor tomorrow, March 12.

The Senate tax package contains the following Florida Chamber-backed provisions:

• A reduction in the Florida-only business rent tax from 5.5 percent to 5.4 percent;
• A reduction in the state communication services tax by 0.5 percent;
• Reauthorization of the Qualified Targeted Industry Tax Refund program which was set to expire on June 30th without legislative action; and
• Back-to-school and disaster preparedness sales tax holidays.

Additionally, the original Senate proposal included a simplified version of the Tourist Development Tax (TDT) compared to the House tax package, and would have allowed only certain qualified counties to use TDT revenue for water quality improvement projects. An amendment in committee completely removed the language, ensuring TDT funds are only available for what’s currently allowable under state law, such as tourism marketing.

Finally, the Senate tax package contained a rewrite of the House’s proposal to recalculate the property-tax exemption for non-profit hospitals. The Florida Chamber and its members are still reviewing this language to ensure that hospitals are not needlessly targeted.

Initial negotiations with the House shaped today’s tax package, but several unplanned amendments means more work remains between the two chambers to agree on a final product.

Additionally, Appropriations Committee Chairman Senator Rob Bradley warned that the final allocation of money for the tax package may be reduced as budget negotiations continue in the final days of session.

Help Us Make A Difference

How does the Senate tax proposal impact you? Contact Carolyn Johnson and share your thoughts at cjohnson@flchamber.com.

DEO’s Ken Lawson Shares Importance of Investing in VISIT FLORIDA, the QTI Program, and Communities Impacted by Hurricanes

With the Florida Legislature currently putting finishing touches on Florida’s next state budget, Florida Department of Economic Opportunity CEO Ken Lawson tells the Florida Chamber’s Bottom Line that Floridians enjoy a friendly tax climate because of Florida’s visitors contributing to the economy.

“By virtue of tourism, we’re not paying a state income tax. Out-of-state tourists are investing in Florida, spending money across the state, that means that’s increasing our tax base. So, it’s very important that VISIT FLORIDA is funded to help market the state across the country and the world.”

-Director Ken Lawson
CEO, Florida Department of Economic Opportunity

Director Lawson, Florida’s top economic development leader, also shared the importance of not letting the Qualified Targeted Industries (QTI) program sunset.

“QTI is a great tool for small, medium and large communities across Florida. This tool causes companies to create jobs in aerospace, finance and diversified areas,” he explained about the program that allows job creators who invest in their business, create jobs and pay their taxes, to seek tax refunds based on their investment.

Director Lawson also highlights how DEO is playing a vital role in helping with long-term hurricane disaster recovery.

“Under Governor DeSantis’s leadership, DEO is fully committed to long-term disaster recovery, ensuring they put funds out across the State of Florida,” Lawson said. “With Hurricane Irma, we awarded $300 million so far, with Hurricane Michael we are working on our state action plan.”

Call, Text, Email Your Lawmaker

Florida’s businesses need your support. Reach out to your lawmakers and encourage them to support continuing Florida’s QTI program and VISIT FLORIDA. Find your Representative HERE. Find your Senator HERE.

The Florida Chamber also has a goal for every community to have resiliency plans in times of natural disaster. Tell us HERE about your community’s resiliency plan.

Florida’s Top Economic Development Leader Pushes for VISIT FLORIDA and Qualified Targeted Industry Investments

Shares How Florida’s DEO is Helping with Long-Term Hurricane Disaster Relief

TALLAHASSEE, Fla (February 25, 2020) – With the Florida Legislature currently putting finishing touches on Florida’s next state budget, Florida Department of Economic Opportunity CEO Ken Lawson tells the Florida Chamber’s Bottom Line that Floridians enjoy a friendly tax climate because of Florida’s visitors contributing to the economy.

“By virtue of tourism, we’re not paying a state income tax,” said Lawson. “Out-of-state tourists are investing in Florida, spending money across the state, that means that’s increasing our tax base. So, it’s very important that VISIT FLORIDA is funded to help market the state across the country and the world.”

Director Lawson, Florida’s top economic development leader, also shared the importance of not letting the Qualified Targeted Industries (QTI) program sunset.

“QTI is a great tool for small, medium and large communities across Florida. This tool causes companies to create jobs in aerospace, finance and diversified areas,” he explained about the program that allows job creators who invest in their business, create jobs and pay their taxes, to seek tax refunds based on their investment.

Director Lawson also highlights how DEO is playing a vital role in helping with long-term hurricane disaster recovery.

“Under Governor DeSantis’s leadership, DEO is fully committed to long-term disaster recovery, ensuring they put funds out across the State of Florida,” Lawson said. “With Hurricane Irma, we awarded $300 million so far, with Hurricane Michael we are working on our state action plan.”

Click HERE to watch the latest edition of the Florida Chamber’s Bottom Line public affairs program.

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Established in 1916 as Florida’s first statewide business advocacy organization, 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 Florida Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.