Earlier this week, Governor Ron DeSantis announced a major tax relief package for Florida families. It includes a seven-day holiday to help consumers avoid sales taxes on home repairs and outdoor equipment. And it includes several permanent and one-year exemptions on items that are essential to families.tax relief service
The tax relief package is estimated to save Floridians at least $1.1 billion over the next two years. The plan will also include tax breaks for children’s items, household items and disaster supplies.
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The package also includes a one-year tax break on pet food. And a permanent sales tax exemption for athletic equipment and baby necessities.
The $1.1 billion tax break proposal could also help parents slash costs on pet food, school supplies, toddler items, sports gear and other goods. It is financed through record state budget reserves. It is expected to take effect in 2023.
The tax relief plan will apply to a wide range of items, including appliances, books, clothing, diapers, and other household items. It will also provide tax breaks for disaster supplies and sports equipment.
The Florida Retail Federation has supported the tax relief package. They say the breaks will boost sales and help businesses. The group says the plan will help middle-income taxpayers.
Some of the biggest sales tax holidays in Florida are the Back-to-School Sale Tax Holiday, the Tools Sales Tax Holiday and the Baby Clothing Sales Tax Holiday. During the upcoming Back-to-School Sale Tax Holiday, children’s books and clothing will be exempt from the tax.