Florida's New Tax Bill: Sales, Property, and Credits
Orlando News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Florida Lawmakers Propose Tax Bill with Sales and Property Tax Changes: The bill, House Bill 7031, includes sales tax exemptions for small propane tanks, hurricane-resistant doors, and certain firearm accessories. It also introduces new tax holidays for back-to-school and hunting, fishing, and camping gear. Property tax updates aim to ease burdens for residents, with assessment caps for mobile home parks and exemptions for Space Florida projects. Businesses get a new homebuyer workforce credit, and flood insurance from surplus carriers gets a tax exemption. If passed, most changes take effect July 1st.
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