Less than a week after a measure was introduced in the House to provide $1 billion in tax credit to film and television production efforts in Florida, the Senate Commerce and Tourism Committee released a proposal that offers $300 million in tax credits.
tax cuts
Another Tax Cut for Business: Putnam Proposes Reducing Electricity Sales Levy By Half
By phasing in the reduction from 7 percent to 3.5 percent, the impact to state revenue should be a reduction of about $85 million the first year, and an additional $70 million in each of the two following years. Residential customers would see no tax cut.
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.
0.2% Stupor: Protecting 350,000 Millionaires At the Expense of 160 Million Workers
There’s a very simple way to ensure that this country goes the way of old, bankrupt empires, and it doesn’t take flying planes into building or suckering the world’s mightiest military into pointless wars halfway around the globe. All it takes is voting Republican.
Property Tax Overhaul Passes House: Breaks For New Home Buyers, Business, Snowbirds
First-time home buyers would get a 50 percent property tax break on the value of their home. Voters would decide whether to cap property tax assessment increases for commercial properties at 5 percent.
Property Tax Reform: 50% Exemptions, Breaks for Investors, Losses for Local Governments
Supporters of the overhaul say it’ll fill up empty homes. Critics say it’ll also slash local government revenue and further shift the tax burden to current residents, exacerbating inequities.
Flanked by Tea Party, Rick Scott Will Unveil State Budget in Central Florida Monday
As tea party activists gather from Central Florida to Eustis, Gov. Rick Scott’s budget unveiling Monday will have the feel of political rally as he attempts to close a nearly $4 billion hole while still proposing tax cuts.