Latest news with #HB7031
Yahoo
29-07-2025
- Business
- Yahoo
What to know about Florida sales tax holiday, St. Lucie, Martin, Indian River first days
As summer draws to a close, kids are preparing to return to school. While parents get ready to pay for uniforms and school supplies, and students prepare for the school year, here's what to know about when school starts and the back-to-school sales tax holiday. What is included in Florida's tax-free holiday? In June, Gov. Ron DeSantis signed HB7031, a $1.3 billion tax cut package that includes replacing Florida's back-to-school tax-free weekend with an entire month of tax-free sales on school supplies. The sales tax holiday runs from Aug. 1 through Aug. 31, according to the Florida Department of Revenue. Here's what is included in the sales tax holiday. Personal computers or personal computer-related accessories purchased for noncommercial home or personal use, having a sales price of $1,500 or less, including: Calculators Desktops Electronic book readers Handhelds Laptops Tablets Tower computers Personal computer-related accessories, including: Keyboards Mice Modems Monitors Nonrecreational software Other peripheral devices Personal digital assistants Routers Wallets and bags having a sales price of $100 or less per item, including: Backpacks Diaper bags Fanny packs Handbags Briefcases, suitcases, and other garment bags are excluded. School supplies having a sales price of $50 or less per item, including: Binders Cellophane tape Compasses Composition books Computer disks Construction paper Crayons Erasers Folders Glue or paste Legal pads Lunch boxes Markers Notebooks Notebook filler paper Pencils Pens Poster board Poster paper Protractors Rulers Scissors Staplers and staples used to secure paper products Learning aids and jigsaw puzzles having a sales price of $30 or less, including: Flashcards or other learning cards Interactive or electronic books and toys intended to teach reading or math skills Matching or other memory games Puzzle books and search-and-find books Stacking or nesting blocks or sets Clothing, footwear, and accessories having a sales price of $100 or less per item, including: The term does not include cell phones, video game consoles, digital media receivers, or devices that are not primarily designed to process data. New schools: Summertime is construction time for Treasure Coast school districts Early bird: New state law means some Treasure Coast high schools likely to continue early start times When is the first day of school in Indian River County? The first day of school in Indian River County is Aug. 11. When is the first day of school in Martin County? The first day of school in Martin County is Aug. 11. When is the first day of school in St. Lucie County? The first day of school in St. Lucie County is Aug. 11. Did Treasure Coast schools switch start times? In 2023, a new state law required middle schools to begin no earlier than 8 a.m., and high schools no earlier than 8:30 a.m., citing studies that showed teens perform better with a later start to their school day. However, after school districts complained that changing school start times would cost millions to alter school bus routes, state lawmakers considered alternatives. SB 296, which took effect July 1, allows school districts to comply if they report their school start times and detail the steps they've taken to implement later start times at middle and high schools. The report must describe the impact later start times would have on the district and any unintended consequences to the school district, students and the community. Here's where each county stands in its start times: Martin: No changes are planned for the 2025-2026 school year. In 2024, the district adjusted its start times slightly to be one of the first to comply with the 2023 law. St. Lucie: No schedule adjustments are planned to school start times in St. Lucie County schools. The district's middle schools already comply, beginning at 9:30 a.m. and 9:40 a.m. Indian River: Middle and high school students will see no changes in start times for the 2025-2026 school year, but the district may still survey parents to gauge interest in adjusting the start times, TCPalm reported. Gianna Montesano is TCPalm's trending reporter. You can contact her at 772-409-1429, or follow her on X @gonthescene. This article originally appeared on Treasure Coast Newspapers: When is school tax free holiday in Florida? First day of school Solve the daily Crossword
Miami Herald
10-04-2025
- Business
- Miami Herald
Tax relief at issue as Florida House and Senate begin budget negotiations
The House and Senate on Wednesday passed proposed budgets that are billions of dollars apart, giving them a little more than three weeks to mesh their spending goals and reach an agreement on tax cuts. While the House has proposed cutting the state's overall sales-tax rate, the Senate on Wednesday outlined a less-aggressive proposal that would provide a permanent sales-tax exemption on clothes and shoes costing $75 or less. Senate President Ben Albritton, R-Wauchula, said he expects the House and Senate to 'end up somewhere in the middle' on a budget. The legislative session is scheduled to end May 2, with the state's new fiscal year starting July 1. 'We're going in the right direction. We're communicating well. We're working together,' Albritton said after a Senate floor session. 'And I have every expectation we'll get the plane landed.' Later, House Speaker Daniel Perez, R-Miami, said he expects lawmakers will reach budget agreements on time, while also saying 'we believe in our budget.' The Senate budget proposal (SB 2500) totals $117.36 billion. The House proposal (HB 5001) has a bottom line of $112.95 billion and is linked to a $5.4 billion tax package (HB 7031) that includes reducing the overall state sales-tax rate from 6% to 5.25%. Gov. Ron DeSantis has said he wants a one-time property tax break for homesteaded properties and to ask voters in 2026 to pass a constitutional amendment to reduce or eliminate property taxes. He also has requested the elimination over two years of a sales tax on commercial leases and sales-tax 'holidays' on school supplies, recreational items, hurricane supplies, ammunition and firearms. Echoing DeSantis, Rep. Mike Caruso, R-Delray Beach, said no one is 'clamoring' for the House sales-tax cut, which he said would only provide 'minimum immediate relief' while inadvertently benefitting 'out-of-state visitors and tourists.' 'I'd rather see the money go to real Floridians, the ones that call this state home,' Caruso said before joining a unanimous vote in support of the House tax proposal. House Ways & Means Chairman Wyman Duggan, R-Jacksonville, noted that DeSantis didn't recommend the one-time property tax cut until after the House 'rolled out the sales tax relief.' The House tax package also would reduce the commercial-lease tax from 2% to 1.25%, cut the sales-tax rate on electricity from 4.35% to 3.6%, reduce the tax rate on sales of new mobile homes from 3% to 2.25% and trim the rate on coin-operated amusement machines, such as pinball machines, from 4% to 3.25%. Albritton has cautioned against making cuts that lawmakers might have to readdress within a couple of years. On Wednesday, he pitched the proposed sales-tax elimination on clothes and shoes as being 'where it can help the most number of Floridians.' The Senate proposal also would direct the Legislature's Office of Economic and Demographic Research to study the effects of reducing or eliminating property taxes for homesteaded properties. Among other things, it would lead to holding a 'back-to-school' tax holiday in August; a tax holiday on disaster-preparedness supplies in June; a tax holiday on recreational items in July; a tax holiday on tools around Labor Day; and a 'hunting season' tax holiday in September and October on guns, ammo and other hunting supplies. The estimated $750 million package is expected to go to the Senate Finance and Tax Committee on Tuesday. The House and Senate budget proposals are below the $117.46 billion budget lawmakers passed last year before it faced DeSantis vetoes, mid-year adjustments and veto overrides. Senate Appropriations Chairman Ed Hooper, R-Clearwater, described the goal as 'right-sizing' state spending. The House voted 98-6 to approve its proposed budget, which includes cuts in spending on agencies and programs. Rep. Felicia Robinson, D-Miami Gardens, said the House should invest in programs that promote growth, as reducing services at a time the state has strong reserves will 'lead to job losses, reduced public services and a less stable economy.' 'I understand us trying to be conservative, but doing anything to the extreme can be detrimental,' Robinson said. The House and Senate agree on some issues, such as continuing to spend $80 million next year on the tourist-marketing agency Visit Florida. But they differ in other areas, such as the Senate proposing to spend $750 million for Everglades restoration and the House proposing $357 million. 'Over the last 10 years the Legislature has appropriated nearly $4 billion for Everglades restoration. Of this amount, over $1.1 billion remains unspent, $900 million from the last two fiscal years,' House Agriculture & Natural Resources Budget Chairwoman Rep. Tiffany Esposito, R-Fort Myers, said. 'We believe it's fiscally responsible to reduce our appropriation of funds until the dollars we've already appropriated have been spent.' Seeking to help the state's troubled citrus industry, the Senate would spend $200 million for research and to help packinghouses and growers, with $125 million included for new trees. The House has proposed $10 million to fight citrus canker disease, which has caused massive damage to the industry over the past two decades.
CBS News
10-04-2025
- Business
- CBS News
Florida House, Senate pass budget plans, let the negotiations begin
The state's House and Senate passed proposed budgets on Wednesday that are billions of dollars apart, giving them a little more than three weeks to mesh their spending goals and reach an agreement on tax cuts. While the House has proposed cutting the state's overall sales tax rate , the Senate on Wednesday outlined a less-aggressive proposal that would provide a permanent sales tax exemption on clothes and shoes costing $75 or less. Republican Senate President Ben Albritton said he expects the House and Senate to "end up somewhere in the middle" on a budget. The legislative session is scheduled to end May 2, with the state's new fiscal year starting July 1. "We're going in the right direction. We're communicating well. We're working together," Albritton said after a Senate floor session. "And I have every expectation we'll get the plane landed." Later, Republican House Speaker Daniel Perez said he expects lawmakers will reach budget agreements on time, while also saying "we believe in our budget." The Senate budget proposal (SB 2500) totals $117.36 billion. The House proposal (HB 5001) has a bottom line of $112.95 billion and is linked to a $5.4 billion tax package (HB 7031) that includes reducing the overall state sales tax rate from 6% to 5.25%. Gov. Ron DeSantis has said he wants a one-time property tax break for homesteaded properties and to ask voters in 2026 to pass a constitutional amendment to reduce or eliminate property taxes . He also has requested the elimination over two years of a sales tax on commercial leases and sales tax "holidays" on school supplies, recreational items, hurricane supplies, ammunition and firearms. Echoing DeSantis, Republican Rep. Mike Caruso said no one is "clamoring" for the House sales tax cut, which he said would only provide "minimum immediate relief" while inadvertently benefitting "out-of-state visitors and tourists." "I'd rather see the money go to real Floridians, the ones that call this state home," Caruso said before joining a unanimous vote in support of the House tax proposal. House Ways & Means Chairman Wyman Duggan noted that DeSantis didn't recommend the one-time property tax cut until after the House "rolled out the sales tax relief ." The House tax package also would reduce the commercial-lease tax from 2% to 1.25%, cut the sales tax rate on electricity from 4.35% to 3.6%, reduce the tax rate on sales of new mobile homes from 3% to 2.25% and trim the rate on coin-operated amusement machines, such as pinball machines, from 4% to 3.25%. Albritton has cautioned against making cuts that lawmakers might have to readdress within a couple of years. On Wednesday, he pitched the proposed sales tax elimination on clothes and shoes as being "where it can help the most number of Floridians." The Senate proposal also would direct the Legislature's Office of Economic and Demographic Research to study the effects of reducing or eliminating property taxes for homesteaded properties. Among other things, it would lead to holding a "back-to-school" tax holiday in August; a tax holiday on disaster-preparedness supplies in June; a tax holiday on recreational items in July; a tax holiday on tools around Labor Day; and a "hunting season" tax holiday in September and October on guns, ammo and other hunting supplies. The estimated $750 million package is expected to go to the Senate Finance and Tax Committee on Tuesday. The House and Senate budget proposals are below the $117.46 billion budget lawmakers passed last year before it faced DeSantis vetoes, mid-year adjustments and veto overrides. Senate Appropriations Chairman Ed Hooper, R-Clearwater, described the goal as "right-sizing" state spending. The House voted 98-6 to approve its proposed budget, which includes cuts in spending on agencies and programs. Democratic Rep. Felicia Robinson said the House should invest in programs that promote growth, as reducing services at a time the state has strong reserves will "lead to job losses, reduced public services and a less stable economy." "I understand us trying to be conservative, but doing anything to the extreme can be detrimental," Robinson said. The House and Senate agree on some issues, such as continuing to spend $80 million next year on the tourist-marketing agency Visit Florida. But they differ in other areas, such as the Senate proposing to spend $750 million for Everglades restoration and the House proposing $357 million. "Over the last 10 years the Legislature has appropriated nearly $4 billion for Everglades restoration. Of this amount, over $1.1 billion remains unspent, $900 million from the last two fiscal years," House Agriculture & Natural Resources Budget Chairwoman Rep. Tiffany Esposito said. "We believe it's fiscally responsible to reduce our appropriation of funds until the dollars we've already appropriated have been spent." Seeking to help the state's troubled citrus industry, the Senate would spend $200 million for research and to help packinghouses and growers, with $125 million included for new trees. The House has proposed $10 million to fight citrus canker disease, which has caused massive damage to the industry over the past two decades.
Yahoo
10-04-2025
- Business
- Yahoo
The latest tax plan: Senate President wants to exempt nonexpensive clothing
Florida Capitol (Photo by Michael Moline/Florida Phoenix) With just a few weeks left in the 2025 session, the Florida Senate is coming up with its own tax cut alternative for lawmakers to consider as they try to put together a new state budget. Senate President Ben Albritton and Republicans will offer a proposal to permanently exempt sales taxes on all clothing worth $75 or less. It's a significant tax break, but it will come with a much smaller price-tag than the House plan to permanently cut sales taxes by .75%. The Senate plan is expected to lower tax collections by roughly $750 million, while the House proposal is estimated to save taxpayers more than $5 billion. Albritton said part of the inspiration came from looking at Florida's tax handbook and realizing that certain items, such as food, were already exempt from taxes. He said he looked at cutting taxes on something that could help regular Floridians. 'We view this as an opportunity to help across the board,' Albritton said of exempting sales taxes on certain clothing items. 'These are necessities too, now, right? … We're not talking about you know, folks that are tourists that may come in and go buy you know a $300 dollar jacket or things like that. We have aligned this, we believe at the $75 to where it can help the most number of Floridians.' The Senate plans to formally vote on its sales tax cut proposal next week. The House on Wednesday voted unanimously for its sales tax cut bill (HB 7031). Several Democrats during debate said that they supported the proposal because they viewed it as something that would lower a 'regressive' tax. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX The debate over the size and scope tax cuts will need to be resolved as part of the overall budget negotiations. The House and Senate each passed out proposed budgets for the coming 2025-26 fiscal year on Wednesday. The Senate passed its budget unanimously, while the House vote was 98-6. But because of the divide over taxes, the two bills have a $4.4 billion gap between them. Gov. Ron DeSantis, meanwhile, wants a big cut to property taxes. We believe in our budget. – House Speaker Daniel Perez The House cuts many more vacant positions versus the Senate budget and the Senate includes a pay raise for state workers. The House also calls for putting in place a strict formulary for state workers' health insurance. The House, saying that it needs to pare back the amount of spending overall in state government, has proposed revamping and clawing back the amount of money spent on several high-profile programs passed in the past few years, including a measure designed to ramp up affordable housing options. Several Democrats decried the decrease in funding for affordable housing and said it remains a problem in Florida. House Speaker Daniel Perez, while talking to reporters on Wednesday evening, did not respond directly to the Senate's tax cut alternative, but did say that the House proposal was the 'largest of its kind' in the country. 'We believe in our budget,' said Perez, but still tried to tamp down any discussion that the House and Senate would not reach a resolution on spending and taxes. The Legislature must have all of its budget work done by April 29 in order to adjourn on time on May 2. 'Somehow it always ends up getting figured out,' Perez said. SUPPORT: YOU MAKE OUR WORK POSSIBLE
