The two local governments are far apart over how to split revenue from a sales tax surcharge voters would have to approve this November, causing Palm Coast to think of dumping the sales tax–and the county to panic–as the two head for a joint meeting next week.
Taxes
Scott Signs a Series of Tax Cut Bills, Including Expansion of Corporate Tax Exemption
While supporters insisted that the legislation signed Wednesday will help provide a better business climate, they were quick to say that a variety of factors were at work in the economy, and it would be difficult to accurately figure out how many jobs the measures might create.
In a Blow to the County, Palm Coast Explores Switch from Sales Tax to New Utility Taxes
The Palm Coast City Council is exploring dropping a half-cent sales tax surcharge it’s been levying with the county for 10 years, and adopting instead new utility taxes without need for voter approval or splitting revenue with the county.
Florida’s Misguided Lunge for Internet Sales Taxes
Nancy Nally, a Flagler County-based web publisher, argues that Florida’s proposed law to compel internet merchants to pay sales taxes won’t level the playing field or increase revenue, but hurt local businesses like her own.
Florida Corporations Get a Bigger Tax Break, Shoppers Get Another Sales Tax Holiday
Gov. Rick Scott called the corporate tax break “a huge victory” for Floridians that would help businesses create more jobs, though there is little evidence that such tax breaks spur job creation, and some evidence that the tax breaks are closer to corporate welfare.
Good News for Flagler Property Owners: Most Home Values Will Barely Fall; Some Will Rise
Flagler County Property Appraiser’s preliminary estimate sees a property value drop in “the low single-digits” at most, with taxable values rising in Grand Haven and Flagler Beach, among other spots, as the five-year collapse in values appears to draw to an end.
Don’t Ban Internet Cafés. Regulate Them.
Internet cafés may be a pest, and their proponents make laughable arguments when they claim they’re not about gambling. But it’s not government’s business to ban them while swinging from the lottery’s levers. Regulation is the key.
When Profit-Raking Disney and the Daytona Speedway Beg Florida for Corporate Welfare
Disney is asking the state for an array of tax breaks that could cost Floridians as much as $100 million over 20 years. International Speedway Corp., owner of Daytona International Speedway, is in on the deal.
Scott Orders Review of Special Taxing Districts Like Grand Haven, Dunes and Every CRA
The review affects such “community redevelopment agencies” such as Palm Coast’s Town Center. Special taxing districts generate $15 billion in revenue annually. Oversight can be more lax than for more general government revenues.
Florida Legislator Wants $1 Cigarette Tax Increase In Exchange for Lower Driver Fees
South Florida’s Jim Waldman, a Democrat from Coconut Creek, wants to roll back unpopular driver’s license and registration fees, paying for it with a $1 increase in Florida’s cigarette tax, now at $1.34.