Gov. Ron DeSantis recently held a press conference in Ocala at Sam’s Club on Southwest College Road to announce the largest tax relief in Florida history. The $1.2 billion tax relief package will give Floridians tax breaks on essential needs, like diapers and clothes, and disaster supplies. It also includes the largest state sales tax break ever. Read on to find out more about this exciting tax relief package and how it can help you.click here for tax relief
The state is putting forward a comprehensive tax relief plan, aimed at families and businesses. A new one-year tax break for diapers and infant clothing will go into effect July 1. Several other new tax breaks are also available. Single-use diapers and reusable inserts are exempt from sales tax. The new law also aims to lower gas prices. The Florida Senate will consider the bill’s final approval on Monday.
Another tax holiday that is coming soon in Florida is Freedom Week. During this week, residents can enjoy tax breaks on admission to state parks, movies theaters, performing arts, and state parks. Additionally, purchases of sports and camping equipment will be tax-free. The state expects to raise $54.7 million in sales tax revenue during Freedom Week. This is a good thing for residents of Florida, and it’s good news for families!
If you are behind in paying your taxes, the Florida Department of Revenue may levies your accounts receivable. While this might seem like a simple way to make a payment plan, a levy notice can wreak havoc on your business. A tax lien is a legal process that prevents you from selling your property until you pay your taxes. A tax levy, on the other hand, takes your assets in order to recover your debt. Eventually, you will be forced to pay a lot more than the original balance, including penalties.
-