Targeted Tax Reform Package Will Help Lower Cost of Living and Doing Business
TALLAHASSEE, FL. (June 15 , 2015) – The Florida Chamber applauds the Florida Legislature for their commitment to lowering the cost of living and cost of doing business in Florida by passing a targeted tax reform package.
“Lawmakers took a positive step today by passing several of the Florida Chamber’s targeted tax reform priorities,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “We commend the House and Senate for their work on negotiating a meaningful tax cut package and we look forward to Governor Rick Scott signing it into law.”
Driving a fair and equitable tax system is key to attracting and retaining businesses in Florida. Limiting burdensome taxes by enacting smart and targeted tax reforms help place money back into the pockets of Florida’s families.
Targeted Tax Reforms Cuts Include:
- A reduction in the communications services tax (CST),
- An increase in the research and development tax credit,
- Extended bonuses in enterprise zones for two years for companies currently receiving bonuses, and
- Create a 10 day Back-to-School Sales Tax Holiday.
The bill now heads to Governor Rick Scott ‘s desk for signature.
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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.