Florida House Passes Tax Relief Bill
Orlando News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Florida House Approves Tax Relief Bill: Sales Tax Breaks, Property Tax Adjustments, and New Shopping Holidays
The Florida House has given strong approval to HB 7031, a tax relief bill that offers sales tax breaks, property tax adjustments, and new shopping holidays. If the Senate agrees and Governor DeSantis signs off, the changes will start on July 1st. Key sales tax exemptions include permanent relief for propane tanks, homeowner breaks on hurricane-resistant doors, windows, and garage doors, and certain firearm parts and accessories. The back-to-school sales tax holiday has been shifted to July 20th through August 20th, and a new one for hunting, fishing, and camping gear has been created from September 1st to December 31st. Property tax updates cap annual increases at three percent for qualifying mobile home parks, and businesses earn a new workforce tax credit up to five thousand dollars per low-income employee buying a home. The bill now awaits Senate action.
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