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Tax Reform on the Way

June 14th, 2007 by Mike Vasilinda

The largest tax relief package in the history of the state is on its way to the governor. State lawmakers have approved a series of bills rolling back taxes to last years levels. But as Mike Vasilinda tells us, with the legislative work done, debate on the most controversial aspects of the tax change is just beginning.

Hear it here: Tax Reform Plan

Florida voters will have to decide if they like their current homestead exemption or want to switch to something different. After lengthy debate, lawmakers are offering the choices of a so called super-sized exemption, which is 75 percent of the first 200 thousand dollars of a homes value. Sen. Mike Haridopolus says the break is small on higher dollar homes And from 200 thousand dollars and above to 500 thousand dollars, 15 percent would be exempted the idea being that we want to help those people who have been hardest hit. says the Brevard County Senator.

But if homeowners decide they like the current save our homes capthey can keep it instead. Senate Democratic Leader Steve Geller called the idea the biggest cut to education, police and fire service in the states history. There have been too many politicians telling the voters they can have deep, deep tax cuts and that it will not in any way affect services. That is not an accurate statement.

Only lukewarm applause greeted the 25-12 vote.

These votesrather than being the end of the debate will be just the beginning. Before any change can take effect, voters will have to say okay. Alex Villalobos says everyone should check with their accountant before deciding how to vote. This is your home and your tax situation. And if this changes, is it gonna be better or worse? says the Miami Senator.

The plan doesnt help those who were screaming the loudest renters and the owners of second homes.

Posted in Amendments, Charlie Crist, Legislature, Politics, Property Taxes, State News | 1 Comment »

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