Florida families will receive significant tax relief in 2023-2024 thanks to the Governor’s sweeping plan unveiled today. His Family-Focused Florida Tax Relief proposal is the largest in state history and includes a permanent sales tax exemption on essential baby and toddler items like diapers, clothing, and cribs; a two year sales tax break on gas stoves that supports homeowners; and expanded back-to-school, hurricane preparedness, and freedom summer sales tax holidays.Get Tax Relief Attorneys to Assist you today
Florida’s businesses will also save money. Currently, businesses and vendors that choose to e-file their taxes with the Department of Revenue can save up to $30. The Framework for Freedom tax relief package will double that savings to $60. This is estimated to save Florida businesses $141.4 million.
In addition, Florida’s military veterans will benefit from new property tax relief. This is in addition to the Section 4 disaster relief that began for the 2022 tax year and provides property tax relief for members of the United States Armed Forces, including the National Guard or its reserve components; the United States Coast Guard or its reserve components; the Florida National Guard or its reserve components; or any person who served on active duty or performed active service during a designated operation for which a homestead exemption was established under Chapter 357.
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Other new tax relief proposals in the Governor’s budget include a one-month fuel tax holiday; a permanent sales tax exemption on child safety seat and booster seats; and an extension of the vehicle registration fee reduction that began for the 2022 tax year. This reduction will save Floridians nearly $400 million in annual fees to register their vehicles.
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