Florida Tax Relief – Governor DeSantis Signs House Bill 7071
Governor Ron DeSantis recently signed House Bill 7071,the biggest tax relief bill in the history of Florida. The legislation includes permanent tax breaks,sales tax exemptions,corporate income tax credit expansions,and ad valorem tax and exemption provisions. The tax breaks will affect consumers in areas such as fuel,diapers,clothing,and disaster supplies. Families who have trouble affording these essentials will benefit from these tax breaks.
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The new bill combines several recent legislation for Florida tax relief. It contains a third tax holiday,new tax credits,and exemptions for low-income Floridians. The measure was crafted by the House Ways & Means Committee. It was approved by the Senate and House by a 117-1 vote,sending it to Gov. Ron DeSantis’ desk for his signature. One dissenting vote came from Rep. Omari Hardy.
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The new tax bill also includes a back-to-school shopping holiday,one of the longest-running tax-free events in Florida. It also includes a one-year break for energy-efficient appliances and windows,and a two-year break for the purchase of new children’s books. The legislation also includes a Fuel Tax Holiday,which will save Florida $200 million and cut gas prices by 25 cents a gallon.
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Sales tax holidays are not a panacea for an upside-down tax code. Tax breaks are temporary band-aids and are not a sustainable solution to the problem. State budgets are tight,and policymakers must make up for lost revenue by cutting services or raising taxes. While sales tax holidays can provide some relief,they do not fix Florida’s deep-rooted inequities. Therefore,the Working Floridians Tax Rebate is an alternative.
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About A Tax Attorney’s ServicesAbout A Tax Attorney’s Services
If you need some Florida tax relief desperately,the truth is there really are hundreds of tax lawyers who all claim they can give you the greatest legal assistance,but after sometime there really is just one lawyer topic that you should pay attention to: a tax attorney’s services. A tax attorney is a lawyer who,with the help of his or her legal expertise,helps you out with your tax obligations. Tax attorneys may not always be in the same place as you at the moment,so in order for you to get the best tax assistance,you need to let your tax attorney guide you through the entire process,from filing your tax returns to claiming tax credits and deductions. You can be sure that these lawyers have been through a lot of tax-related issues over their lifetimes and have the relevant skills and knowledge to deal with any tax problem you may run into. They may also have connections with other professionals who can also extend a hand when it comes to saving you money on tax payments.
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A Florida tax relief topic you may be interested in is estate planning. Estate planning is the act of preparing the wishes and final details for when you pass away so that your family will be taken care of legally. With the help of Florida tax attorneys,you can be assured that your wishes will not be ignored,and that you will get what you really deserve in terms of tax breaks and other financial benefits. For example,you can claim property tax credits for improvements made to your home,get an additional tax deduction for mortgage interest and expenses,and get a tax break for making use of your retirement plan. With a little planning,you can ensure that your family will not suffer financially when you pass away.
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The next topic that you may be interested in knowing more about is professional tax law help. If you are facing a tax debt,it can be very helpful if you seek out the advice of an experienced attorney. Because tax laws can be very complex,an experienced attorney can help you make sense of the many legal terms and circumstances surrounding the tax issue at hand. They can also help you understand how to go about appealing a tax deficiency or making sure that you’re not committing a tax fraud. Therefore,if you need help paying taxes,contact a Florida tax law firm today to find out what options are available to you.
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