As a part of its recent budget, the Florida legislature has approved a $196 million tax relief package that includes a third week long tax holiday, new tax credits for charitable contributions, hiring interns, cleaning contaminated sites, and purchasing items to promote independent living. The legislation was crafted by the House Ways and Means Committee and passed with a 117-1 vote. The new tax relief package is expected to lower gas prices by about 25 cents per gallon.
The bill also provides for a permanent lowering of the communication services tax on Florida’s television and phone services. It also includes permanent sales tax exemptions for items such as bicycle helmets, child car seats, and booster seats. Another major benefit is the elimination of the sales tax for returning servicemen and their families. However, this bill is only part of the package. There are other forms of Florida tax relief available. You can read more about it below.
The first step to pursuing tax relief in Florida is to find out which exemptions you qualify for. For example, you can qualify for an exemption if you are a disabled service member. However, you must meet certain conditions to qualify. To qualify, you must be a Florida resident on January 1 of the year the property was destroyed or inoperable. This means that if you’re a Florida resident and lost your job, you can claim tax relief on your property taxes.
