A $1.1 billion tax relief package signed by Gov. Ron DeSantis in Ocala on Friday will offer tax breaks for basic necessities like diapers and clothing for children. The tax breaks will also be available to disaster supplies and gasoline. Families can expect to save on these necessities as the tax break will apply to both single-use diapers and reusable ones. A tax break will be triggered if a hurricane hits Florida in the year that a tax bill is passed.Miami tax relief company
Among the state’s tax breaks, the governor has proposed a temporary fuel tax holiday. This holiday would last from July 1 through November 30, 2022. If passed, this holiday will save the state about $200 million. And gas prices will go down 25 cents a gallon for drivers. It’s all good news for Florida families! But it hasn’t been a smooth ride for everyone. However, DeSantis’ tax cut package has a few hitches.
First, it doesn’t address the issue of upside-down taxes. Sales tax holidays and temporary tax relief are band-aids. In addition to being temporary, they don’t offer long-term savings. State policymakers need to balance the state budget and make up for lost revenue with higher taxes or spending cuts. Sales tax holidays don’t fix deep-rooted inequities in Florida’s tax code. The working Floridians tax rebate is a more permanent solution to these issues.