Cell Phone/Cable TV Rate Reductions Begin Today

Good news! Today, Florida taxpayers begin saving on their cell phone, cable and satellite bills. The Florida Legislature last month passed a 1.73 percent rate reduction on the state sales tax as part of a Florida Chamber-backed $400 million targeted tax reform package. Floridians will save a total of $220 million in the first year due to the phone and TV tax reduction.

Communications services providers have until October 1, 2015 to implement this law, despite today’s effective date. Any excess taxes collected between now and October must be refunded to customers by October 1.

Tell us how a lower cell phone bill will help your businesses succeed by emailing me at cjohnson@flchamber.com.

 

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.