Welcome to

Capitol News Service

Florida's Best Political Television Coverage

 


Visit the Lobby Tools Website

 


Visit Legislative IQ Website

 


Recent Posts

Categories

Archives

RSS Capitol News LIVE

RSS Quote of the Day

Sales Tax Exemptions Changing?

January 10th, 2008 by flanews

For the first time in 7 years, Florida lawmakers are seriously considering revising some of the state’s sales tax exemptions.  For example, bottled water, ostrich feed and luxury skyboxes are not taxed.  It’s estimated that such exemptions cost the state $23.5 billion a year.  Florida TaxWatch, a taxpayer watchdog group, hopes lawmakers carefully consider any changes.

“We do understand that there’s a budget crunch going on right,” said Kurt Wenner of TaxWatch.  “If the Legislature wants to raise additional money, it’s their prerogative.  This would be an area where they could look.  But we just want it to be done with a real comprehensive deliberate nature to make sure they take into consideration what impact eliminating certain exemptions would have on the economy, and thereby, tax revenues down the road.”

The House budget chair sent all members of the chamber a memo stating that lawmakers would have to cut about $2 billion from next year’s budget.

Posted in Legislature, State Budget, State News | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com