In the latest bout of legislative action, Florida Gov. Ron DeSantis has put his john Hancock on a hefty tax package this Tuesday, giving Floridians and businesses across the state a financial break. According to Florida Phoenix, the governor gushed about the savings this offers, saying, "This is another billion-plus dollars in tax relief for Florida families." Adding to the relief was an earlier measure for toll road users, which brings the governor's total tax cut tally up to $1.5 billion for the year—a figure he was quite pleased to announce.
Looking out for the individual wallet, the tax package serves up four "tax holidays" giving breaks on everything from hurricane prep items to back-to-school gear. Highlighted by NBC Miami, families can shop tax-free for supplies such as portable generators and batteries during the disaster preparedness holidays slated for the start of June and late August, while fashion and gadget hunters can enjoy the back-to-school holiday for clothes and computers in late July through early August. As for workers, there's also a 'tool-time' tax break come early September, just after the Labor Day weekend.
The overall hit to state and local revenue is estimated at $439.6 million, which covers the cost of these consumer-focused breaks, as reported by Florida Phoenix. But the package isn't just about shopping deals. In a nod to Florida's bustling entertainment scene, July will play host to a 'Freedom Month' with rebates on tickets for various live performances—from rock concerts to ballet.
Not just the average Joe is getting a slice of the pie; corporations are cutting in too. One of the juicier provisions doubles tax breaks for businesses donating to child welfare charities, and let's not forget the $5 million corporate income tax credit bonus for businesses hanging out the welcome sign for persons with disabilities. As DeSantis said, spotlighted by Florida Phoenix, this move is about "providing opportunities for all of these great people that have unique abilities and have certain challenges," praising companies like Publix for previous efforts to employ individuals with disabilities.
Critics, particularly the Biden-administration, weren't spared DeSantis' tongue. "It’s been very difficult for a lot of people," as reported by Florida Phoenix. Desantis expressed concerning the inflation rates that continue making life costly for Floridians and Americans. He was keen to point out the state's inability to control federal monetary policy, yet underscored his commitment to providing relief within his gubernatorial powers.
