The Florida Senate is poised to vote on a bill that would give residents a variety of tax relief options. Known as House Bill 7071, the bill focuses on both long and short-term sales tax relief. If passed, it would result in more than $1 billion in savings in two years for residents. The savings would be available through the 2022 hurricane season and school year.
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Many Floridians believe that sales tax holidays are a good way to help those struggling with the state’s tax code. They say they would make life better for families. But in reality, these tax holidays are little more than a band-aid, and low-income Floridians continue to bear the brunt of rising costs.
Florida Democrats, who oppose Governor DeSantis, have been vocal in their disapproval of the bill. They point out that the plan is funded by federal funds from the American Rescue Plan. They say that the governor is being hypocritical by opposing the plan. Additionally, they’ve filed a lawsuit against DeSantis over the decision to allow Disney’s Reedy Creek district to expand.
The Governor’s bill is the largest tax relief plan in Florida history. It will save families over $1.1 billion and make it easier for people to make essential purchases. The bill includes tax breaks for food, diapers, and outdoor recreation supplies, and many other necessities.
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