Florida House Ways and Means unanimous vote to reduce sales tax
"A House panel on Wednesday unanimously approved a proposal to permanently reduce the state’s general sales tax rate from 6% to 5.25%, in what could be the first such cut since 1988.The measure also includes corresponding reductions to other state tax rates, including those on commercial leases, electricity, and mobile home sales.
According to a legislative analysis, the proposal would reduce general revenue by $4.89 billion and local government revenue by $539.7 million annually.
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No wonder the City of Lake Worth is upset. If this passes, perhaps they will have to hold off on that multi-million expensive parking garage or just get taxpayers deeper in debt. Democrats love that.
7 comments:
Worst two days for the market since March 12, 2020
Anonymous--I get it--you are obsessed with everything Trump. The market will come back. If you have money in it, not to worry. If you listen to all the economists, they say hold on as in 6 month or so it will be booming. I understand you are negative about everything.
Now down over 2000 on the day!!! Wheeee!
Anonymous, you insist about commenting on a subject not relative to the blog at hand. The market was down 5.5 points today.
I thought the Sales Tax was 7%; Is that two taxes together?
We are talking about the State tax. The County has its own tax of 0.1%.
Got it! Thanks!
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