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House Passes Substantial Tax Relief for Floridians

Mar 20 • 263 Views • View Comments

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Tallahassee, Fla.-The Florida House of Representatives today unanimously passed CS/SB 156 relating to Motor Vehicle License Taxes, which will reduce the fees Floridians pay when registering motor vehicles beginning September 1, 2014.

“With substantive tax relief a major priority this session, the House is focused on ways to put money directly back into the pockets of hard-working Floridians,” said House Speaker Will Weatherford (R-Wesley Chapel). “Today we have taken a significant step toward our goal of providing $500 million in tax relief-the largest tax and fee cut of its kind in over a decade.”

“Floridians deserve to keep more of their hard-earned money,” said State Representative Ritch Workman (R-Melbourne), Chair of the House Finance and Tax Subcommittee and sponsor of the bill. “The broad-based tax relief provided with this bill will offer meaningful savings to most of our citizens and make owning a car more affordable.”

CS/SB 156 significantly cuts the taxes, fees, and surcharges for motor vehicle registration.  Floridians will see their registration costs reduced by $25.05 for heavy weight vehicles, $21.55 for middle weight vehicles, and $18.55 for light weight vehicles. It is estimated that the bill will constitute $309 million in tax relief in Fiscal Year 2014-15, and $395 million on an annual basis.

In January, House Speaker Will Weatherford and Senate President Don Gaetz announced Work Plan 2014, which included tax relief for Floridians as a priority.  The reductions provided under CS/SB 156 are a significant part of their proposed $500 million tax and fee cut. To read more about Work Plan 2014, please visit the Florida House of Representatives online.

 

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