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Florida lawmakers advance bill cutting sales tax to 5.25%, aiming to save Floridians over $5 billion yearly.
Florida lawmakers are considering a bill that would reduce the state's sales tax from 6% to 5.25%, potentially saving Floridians over $5 billion annually.
The House Ways and Means Committee unanimously approved the proposal, which also lowers the tax rate on business rent, non-residential electricity, and new mobile homes.
However, Governor Ron DeSantis prefers cutting property taxes instead.
The state must adjust its budget to reflect any tax reductions, and the House and Senate must agree on a final budget by May.
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Los legisladores de Florida avanzan el proyecto de ley de reducción del impuesto a las ventas al 5,25%, con el objetivo de ahorrar Floridianos más de $5 mil millones al año.