Taxes

 

HB 7087 (House Tax Cut Package) - The bill as a whole provides back-to-school and disaster preparedness tax holidays and tax relief for Floridians impacted by hurricanes. In its previous committees, an amendment was put on that would prevent local governments from prohibiting the sale or offering of goods subject to a sales tax. FAC and other stakeholders strongly opposed this measure, and it was stripped out of the bill on the
House floor. In total, HB 7087 provides for $168.6 million in tax cuts, $71.2 million of which is recurring. FAC will provide more detail of the local impacts in the next few days.

 

Below are a few bills FAC tracked throughout Session that were incorporated into the final tax package:

 

  • HB 585 (Fine): Tourist Development Taxes (companion bill: SB 658 by Sen. Brandes) passed as a piece of the omnibus tax package (amendment 844462 to HB 7087, Taxation). As passed, counties that received at least $10 million in tourism development tax revenues during the previous year and which spends at least 40 percent of its TDT dollars to promote and advertise tourism could use TDT dollars to fund up to 70 percent of the cost of tourism-related public infrastructure, if approved by a 2/3 vote of the governing board provided that an independent professional analysis performed at the expense of the Tourism Development Council has demonstrated that the infrastructure will have a positive impact on tourism-related businesses in the county.

 

  • HB 243 (Avila): Discretionary Sales Surtax (amendment 844462 of HB 7087, Taxation) also passed as an amendment to the tax package and requires that at least 60 days prior to a referendum on a new discretionary sales surtax, a performance audit of the program associated with the surtax adoption must be made available to the public. The audit must be done by a CPA procured by the Office of Program Policy Analysis and Government Accountability.

 

HJR 7001 (House Ways and Means Committee) – This bill proposes an amendment to Florida’s Constitution to require that a state tax or fee imposed, authorized, or raised by the Legislature be approved by two-thirds of the membership of each house of the Legislature. If approved by 60 percent of voters in November, this amendment will take effect on January 8, 2019.