Florida Passes Broad-Based Tax Cuts: Lowers Cell Phone and TV Tax and Extends Tax Cut Holiday

As the Florida legislature wrapped up its special session last week, the House and Senate agreed to and the Governor signed into law final language for House Bill 33-A. The legislation includes $400 million in broad-based tax cuts through sales tax exemptions and reductions that permanently decrease the communication services tax on Floridians’ phones and television services, institutes a 10-day Back-To-School Sales Tax Holiday beginning August 7, and removes the sales tax on college textbooks and digital educational materials for one year beginning July 1.  

Florida's "Sales Tax Holiday", which includes computers, printers, software, etc. first passed the Florida Legislature at the urging of CompTIA (formerly TechAmerica) in 2014.  The measure saved taxpayers $34 million in the first year, and $39.3 million in 2014, according to tax revenue figures released by the Florida Department of Revenue and Florida TaxWatch, an independent tax watchdog research organization. Florida's state sales tax is 6% on most goods. 

For more information visit: http://www.flsenate.gov/Media/PressRelease/Show/2271 or contact Sarah Matz at smatz@comptia.org.