A sales tax cut could provide millions of Floridians and state tourists with financial comfort.
Speaker of the Florida House Danny Perez declared that the legislature would lower the sales tax by 0.75%, from 6% to 5.25%, as part of his proposed budget.
“Our greatest priority of the House is to make sure that Florida becomes more affordable,” Perez stated.
According to Perez, the Florida taxpayer will save $5 billion despite the seemingly insignificant cut.
Residents and visitors in Miami-Dade and Broward pay a 7% sales tax due to additional tax regulations, but Monroe County has a 7.5% sales tax.
The speaker stated that the legislature, which now controls the majority of the state sales tax, is trying to reduce wasteful expenditure.
“Where is the fat? Go cut the fat and make sure that we move forward with the savings for the people. Make sure that we get the taxes back to the people,” Perez stated.
In response to a question about how this sales tax cut would impact the state budget and services that Floridians depend on, Perez stated that it won’t.
He actually notes that his proposed budget includes more money for education than previous ones.
“This budget has the highest budget for K-12 education in the history of the state of Florida. We increased funding per student. We increased funding for veteran teachers,” he stated.
Perez did, however, add that the budget would reduce openings, particularly those that state agencies have been unable to fill for longer than ninety days.
Naturally, Perez’s plan to lower property taxes is now in competition with the governor’s to help Floridians.
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“We are going to be working on providing relief from the property tax situation,” Gov. Ron DeSantis stated.
The governor has stated in public that taxpayers are struggling and paying higher property taxes than they have in the past.
“At what point is your property yours and if they’re going to keep taxing you then you’re basically just saying rent to the government,” DeSantis stated.
Only local governments have the authority to alter property taxes, but the governor believes that some state constitutional amendments might be put on the ballot and have a significant impact on people’s lives.
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According to Perez, DeSantis has not yet made a proposal.
“There’s K-12 that gets funded through property taxes, police, fire. There are significant services that come out of property taxes, but if there’s a proposal that works, we got to put it on the ballot. And the people have to choose,” he stated.
About halfway through the 60-day legislative session, the Senate will now need to consider the sales tax cut proposal.
On July 1, the new state budget will go into effect.
This Information has been sourced from nbcmiami.
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