Fla. will renew back-to-school sales tax holiday
TALLAHASSEE, Fla.—Florida lawmakers are going to renew the state's popular back-to-school sales tax holiday.
A Senate budget panel on Wednesday approved a tax cut package (HB 7087) that includes roughly $120 million worth of tax breaks.
The bill calls for a three-day sales tax holiday from Aug. 3 to Aug. 5.
During the holiday shoppers would not have to pay state or local sales taxes on clothing worth $75 or less or pay taxes on school supplies worth $15 or less.
The tax cut package also includes a top priority for Gov. Rick Scott. It increases the amount of money exempt from the state's corporate income tax.
The legislation also includes a whole series of other tax breaks, including one that would benefit a proposed beef slaughterhouse in Marion County.