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Gov. DeSantis Signs Largest Tax Relief Package in Florida History


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“Governor Ron DeSantis signed House Bill 7071 which provides more than $1.2 billion of tax relief for Floridians,” a press release stated.

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“Florida’s economy has consistently outpaced the nation, but we are still fighting against inflationary policies imposed on us by the Biden administration,” said Governor Ron DeSantis. “In Florida, we are going to support our residents and help them afford the goods that they need. Florida has been fiscally responsible, so we are in a good position to provide meaningful relief for families, right now.”

“The Florida House’s tax package — the largest middle-class tax relief package in the history of the state — is now the law of the land,” said Speaker Chris Sprowls. “A bill like this has never been more needed than it is right now. Reckless federal spending sent inflation rates spiraling higher than we’ve seen in generations, and Floridians are feeling the impacts. From tools to diapers to books for summer reading, this billion-dollar tax package includes something for every Floridian, and that’s what I’m most proud of. Thank you to Chair Bobby Payne, the Ways and Means Committee, and to Senate President Simpson and our Senate counterparts for your leadership and commitment to keeping money in the pockets of hard-working Floridians.”

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The 10 tax holidays are:

· A one-month Fuel Tax Holiday from October 1, through October 31, 2022, saving Floridians $200 million by lowering the price of gas by 25.3 cents per gallon.
· A 3-month sales tax holiday for children’s books from May 14 through August 14, 2022, providing $3.3 million in tax relief.
· A one-year sales tax holiday from July 1, 2022, through June 30, 2023, for baby and toddler clothes and shoes, providing $81.5 million in tax relief.
· A one-year sales tax holiday from July 1, 2022, through June 30, 2023, for children’s diapers, providing $38.9 million in tax relief.
· A 14-day Back-to-School sales tax holiday from July 25 through August 7, 2022, for clothing, shoes, backpacks, and school supplies, providing $100 million in tax relief.
· A 14-day Disaster Preparedness sales tax holiday from May 28 through June 10, 2022, for supplies such as flashlights, radios, tarps, batteries, and fire extinguishers, providing $25.6 million in tax relief.
· A 7-day Tool-Time sales tax holiday from September 3 through September 9, 2022, for tools and other home improvement items, providing $12.4 million in tax relief.
· A two-year sales tax holiday from July 1, 2022, through June 30, 2024, for impact resistant windows, doors, and garage doors, providing $442.8 million in tax relief.
· A 7-day Freedom Week from July 1 to July 7, 2022, providing a sales tax exemption for specified admissions and items related to recreational activities, providing $70.6 million in tax relief.
· A one-year Energy Star Appliances sales tax holiday from July 1, 2022, through June 30, 2023, for washing machines, clothes dryers, water heaters, and refrigerators, providing $78.5 million in tax relief.
The tax relief holidays are highlighted on this page:


 

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