Sales Tax Exemptions Changing?
January 10th, 2008 by flanewsFor 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.
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