Ron DeSantis Enacts “Tax Exemptions” to Encourage Spending in Florida | Washington Examiner
Gov. Ron DeSantis signed a tax cut program intended to encourage spending in the Sunshine State.
On Friday, DeSantis signed House Bill 7061, which creates three tax holidays of approximately one week, including one coinciding with July 4, which will be dubbed “Freedom Week.” The bill, which drew bipartisan support, with only four lawmakers in both houses of the Florida legislature voting in opposition, ordered that during this tax holiday, sales taxes on certain products be suspended. for the purpose of promoting purchases.
“In Florida, we provide more than $ 168 million in savings to families and businesses. … From sales tax breaks to permanent tax exemptions helping seniors live independently, I am committed to continuing to reduce the tax burden for all residents of our state, ”DeSantis mentionned of the new law.
The new legislation, which also includes a permanent sales tax exemption for independent living items for Florida seniors, will “[e] Floridians must take advantage of our free and open state, ”said Florida House President Chris Sprowls.
“Freedom goes with Florida like the sun and the beaches. … Floridians deserve a summer of barbecues, fishing, boating, concerts and camping. We want to make sure everyone has the opportunity. to enjoy all that our state has to offer, ”he said. .
The Home Depot also applauded the measure, noting that the planned “disaster preparedness” tax holiday from May 28 to June 6 will allow Floridians to prepare for the hurricane season.
“It’s official! HB 7061 is signed, which means FL can prepare for the #HurricaneSeason BEFORE the disaster by offering tax-free shopping weekends and the first-ever ‘Freedom Week’ which limits sales tax on outdoor gear, ”the retailer tweeted. “Thank you @GovRonDeSantis for signing this legislation.”
Bernie Marcus, the retired founder of Home Depot, donated $ 500,000 to DeSantis’ policy committee, but a Home Depot spokeswoman said the event was unrelated to the contribution, according to the Orlando Sentinel.
DeSantis, who is widely viewed as a potential candidate for the 2024 presidential election, has taken not aggressive to reopen Florida’s economy amid the COVID-19 pandemic. The governor avoided strict lockdown provisions, and Florida remained one of the few states never to impose a statewide mask mandate.
Florida has experienced more than 2.3 million cases of COVID-19, with more than 36,000 deaths attributed to the disease, according to the Johns Hopkins University Coronavirus Tracking.
Original location: Ron DeSantis signs ‘tax breaks’ to encourage spending in Florida