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 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.