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Taxing Used Cars

March 25th, 2009 by flanews

Governor Charlie Crist is warming up to eliminating a sales tax exemption.

State lawmakers have been reviewing 50 of the states sales tax exemptions in an effort to avoid deep budget cuts. Crist, who has opposed new taxes since he took office in 2007, says there is a current exemption he would consider. Right now car trade-ins arent taxed. Crist said eliminating that exemption could bring the state millions of dollars.

There are a lot of exemptions out there and I would encourage the legislature to continue to review those exemptions and one of them that Jerry mentioned to me yesterday that may hold some promise is when people trade in a car apparently there’s an exemption for that. and I don’t know if that’s justified and it could mean a half a million dollars, said Crist.

Crist says the money could be used to keep education spending cuts off the table.

Posted in Charlie Crist, State Budget, State News, Taxes | No Comments »

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