Targeted Tax Reform Package Will Help Lower Cost of Living and Doing Business

House Passes Florida  Chamber Tax Cut Priorities

TALLAHASSEE, Fla. (June 5, 2015) – The Florida Chamber applauds the Florida House of Representatives for their commitment to lowering the cost of living and cost of doing business in Florida by passing a targeted tax reform package last week.

“We are proud of the work the Florida House has done to pass targeted tax reforms that will put money back in the pockets of Floridians and make Florida even more competitive,” said David Hart, Executive Vice President of the Florida Chamber of Commerce. “Today’s victory is a step in the right direction for our state.”

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.

The Florida Chamber commends the Florida House for passing the following targeted tax reforms in HB 33A:

• Communication Services Tax cut,
• Reducing sales taxes on commercial leases,
• Back-to-School Sales Tax Holiday,
• Small Business Saturday Tax Holiday, and
• Research and Development tax cut.

“This opportunity puts additional money in the pockets of hard working families, but could mean the difference in job creation and business expansion,” said Dennis Grady, President and CEO of the Chamber of Commerce of the Palm Beaches. “Our Florida economy is at its best when the legislature returns tax payer dollars to those who could use it the most.”