Gov. Ron DeSantis has signed a tax cut package designed to encourage spending in the Sunshine State.
On Friday, DeSantis signed House Bill 7061, which creates three roughly weeklong tax holidays, including one coinciding with the Fourth of July, to be dubbed “Freedom Week.” The bill, which attracted bipartisan support, with only four legislators in both chambers of the Florida Legislature voting in opposition, mandated that during these tax holidays, sales taxes on certain goods will be suspended in an effort to promote shopping.
“In Florida, we are providing more than $168 million in taxpayer savings for families and businesses. … From sales tax holidays to permanent tax exemptions helping seniors live independently, I am committed to continuing to reduce the tax burden for all residents of our state,” DeSantis said of the new law.
The new legislation, which also includes a permanent sales tax exemption for independent living items for Florida’s senior citizens, will “incentiviz[e] Floridians to take advantage of our free and open state,” according to Florida House Speaker Chris Sprowls.
“Freedom goes with Florida like sunshine and beaches. … Floridians deserve a summer of BBQs, fishing, boating, concerts, and camping. We … (Read more)