“Gov. Scott’s Proposed Budget Includes $618 Million in Tax Cuts for Families and Small Businesses”
WTLV-JAX (NBC) – Jacksonville, FL
February 1, 2017
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$618 Million
Business Leaders Applaud Gov. Scott’s “Fighting for Florida’s Future” $618 Million Tax Cut Package
Governor Rick Scott announced today that he is proposing $618 million in tax cuts to help Florida families and small businesses, and ensure taxes are cut for Florida’s future generations. These tax cuts will encourage job creators to add more jobs and build opportunities now and in the future. Here’s what Florida business leaders are saying:
Erin Meagher, Founder of Beneficial Blends, said, “Beneficial Blends is proud of our commitment to the Tampa Bay area and we are constantly working to add more Floridians to our dynamic team. With two locations currently under a commercial lease, Governor Scott’s proposed tax cut would allow us to invest more in growing our company and creating new opportunities. Reducing the tax on commercial leases would certainly help our business and many others that may consider setting up manufacturing facilities in Florida, and I look forward to seeing it passed this year.”
Richard Scherzer, Co-Owner of About Floors N More, “Governor Scott truly understands small business and is dedicated to fighting on behalf of the many small businesses and the families they employ across the state. About Floors N More pays commercial lease taxes on all three of our properties, and the Governor’s proposed tax cut would help our business invest more money in growing and creating opportunities in Jacksonville. We were excited to welcome Governor Scott to our business today and look forward to seeing these tax cuts passed.”
Gerry Angeli, President & General Manager of ACR Electronics, Inc. a Drew Marine Company, said, “For five decades ACR Electronics has believed there is no better place than Florida, the boating capital of the world, to build emergency beacons for boaters designed and manufactured to make sure they come home safely every time. As a proud Florida manufacturer and job creator, we appreciate Governor Scott’s ongoing commitment to cutting taxes and making it easier for businesses, like ours, to invest more in growing our company. Governor Scott’s proposed $618 million tax cut package is great news for our company and our many employees and we are excited to support it.”
Bill Herrle, Executive Director of the National Federation of Independent Business, said, “We know from talking to job creators across the state and the nation that the tax on commercial leases puts Florida at a competitive disadvantage. Governor Scott has demonstrated an incredible commitment to doing everything possible to make it easier for businesses to succeed, and these recommended tax cuts are critical to ensuring continued economic growth. NFIB is proud to fully support this proposal and we look forward to the Legislature cutting $618 million in taxes this year.”
Randy Miller, Florida Retail Federation President and CEO, said, “Governor Scott’s ‘Fighting for Florida’s Future’ tax cut package includes a number of cuts which will significantly support Florida’s retailers, including a reduction in the business rent tax, cutting the business tax and an expanded back-to-school sales tax holiday, among others. FRF is excited about what the Governor’s tax cut package will mean for growing Sunshine State businesses, creating new jobs for Florida families and ensuring our state remains competitive.”
David Hart, Executive Vice President of the Florida Chamber of Commerce, said, “Every step we take to make Florida more business-friendly means more job creators choosing to move to and reinvest in our state. Governor Scott’s recommended $618 million tax cut package will help businesses large and small invest more in creating jobs for our families and will help ensure Florida’s economy will continue to grow well into the future. We are fighting to make our state the best place for job creators and families to succeed and the Florida Chamber of Commerce will continue to work with Governor Scott and the Legislature this year to support this tax cut package.”
Tom Feeney, President and CEO of Associated Industries of Florida, said, “Governor Scott’s proposed $618 million tax cut package truly fights for both job creators and families across the state. Over the past few years, we have seen the exciting impact tax cuts have had on helping businesses move to and grow in our state, as well as the importance of helping Floridians keep more of their hard-earned money. In order to continue to help our economy grow, we must remain committed to lowering the cost of doing business, and reducing the business rent tax will surely help us meet that goal. AIF is proud to join Governor Scott in fighting for Florida’s future by supporting the passage of $618 million in tax cuts.”
2017 Florida Realtors® President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart, said, “Reducing the tax businesses pay for commercial leases will make an incredible difference for job creators across the state. For small businesses especially, this tax can prevent companies from being able to invest more, which in turn creates new opportunities for families in their communities. Florida’s Realtors stand ready to work with Gov. Scott to advocate for his $618 million tax cut package during the 2017 legislative session.”
Madeline Pumariega, Chancellor of the Florida College System, said, “The Governor’s proposal to cut $618 million in taxes, especially exempting college textbooks from the sales tax, is great news for Florida families and students. This is incredibly important to ensuring our students have all the resources they need to exceed in college and beyond.”
Tom Kuntz, Chair of the Florida Board of Governors, said, “As Chair of the Florida Board of Governors, I am thrilled that Governor Scott’s ‘Fighting for Florida’s Future’ tax cut package includes providing a one-year sales tax exemption on college textbooks. This will help students across the state save millions of dollars and allow them to focus more on getting a great education. I join Governor Scott in fighting for the future of our students and we are proud to support these proposed tax cuts”
Bobby Carbonell, Executive Director of Florida is for Veterans, Inc., said, “A veteran himself, Governor Scott has been committed to making Florida the most military-friendly state in the nation. The proposed sales tax holidays, especially the three-day veteran’s sales tax holiday, is great news for the many military members, and their families, who call Florida their home. Florida is for Veterans Inc. is honored to support Governor Scott’s $618 million tax cut package, and we will continue to work with the Governor and the Legislature to ensure Florida remains the most military-friendly state for years to come.”
Gov. Scott: Fighting for Florida’s Future With $618 Million Tax Cut Package
Kicking Off “Fighting for Florida’s Future” Tax Cut Tour
Governor Rick Scott announced today during the “Fighting for Florida’s Future” Tax Cut Tour that he is proposing $618 million in tax cuts to help Florida families and small businesses, and ensure taxes are cut for Florida’s future generations. These tax cuts will encourage job creators to add more jobs and build opportunities now and in the future. This morning, Governor Scott kicked off the “Fighting for Florida’s Future” Tax Cut Tour in Jacksonville and will be making stops in Tampa, Fort Lauderdale, Riviera Beach, Orlando and Fort Myers this week.
Governor Scott said, “While Florida’s economy has made great strides over the past six years, we have to continue to fight for Florida’s future and ensure our children and grandchildren have the opportunity to succeed in our great state. We know one of the best ways to do that is to keep cutting taxes, and even though we have already cut more than $6.5 billion in taxes, we can do more. That is why I am fighting for Florida families and our future generations by recommending to cut taxes by $618 million this year.
“When we cut taxes, it helps businesses create jobs – jobs that ultimately help the poorest, most disadvantaged families in our state. As I travel the state, I have been humbled by the stories of single parents, young students, new citizens and countless other Floridians who have shared with me how much of a difference a job has made in their life and in the lives of their families. These incredible stories are why we are fighting to secure a bright future for Florida, and cutting taxes will help make our state the top location for job creators to invest in for generations to come. I made a promise to keep fighting for jobs until my very last day as Governor, and I ask the Legislature to join me in fighting for the future of our students, our small businesses, our veterans and our families by cutting $618 million in taxes this year.”
Governor Scott’s “Fighting for Florida’s Future” tax cut package includes:
- Decreasing the Tax on Business Rents by $454 Million – Florida is the only state that has a tax on commercial leases which unfairly targets small businesses. Governor Scott is proposing to reduce the tax on commercial leases by 25 percent in 2018, saving Florida businesses $454 million a year.
- Sales Tax Holidays to Save Families and Veterans $98 Million – Governor Scott is proposing four sales tax holidays which will save Florida families and veterans an estimated $98 million in the upcoming fiscal year. These sales tax holidays include:
$72 million from a 10-day back-to-school sales tax holiday;
$7 million from a nine-day disaster preparedness sales tax holiday;
$18.4 million from a three-day veteran’s sales tax holiday; and
$500,000 from a one-day camping and fishing sales tax holiday.
- Providing a One-Year Sales Tax Exemption on College Textbooks to Save Students $48 Million – Governor Scott is proposing to exempt the purchase of college textbooks from the sales tax for the 2017-18 academic year. The prices of college textbooks have increased significantly, often exceeding $100 per book. Exempting college textbooks from the sales tax is expected to save Florida students $48 million.
- Cutting the Business Tax to Save Job Creators $15 Million – Governor Scott is proposing to exempt 22.5 percent of businesses from having to pay income taxes by increasing the corporate tax exemption from $50,000 to $75,000. Eliminating this tax will provide annual savings of $15 million and help more small businesses hire additional workers. This proposal will eliminate these taxes for more than 80 percent of Florida’s businesses. This exemption was increased from $5,000 to $25,000 in 2011 and $50,000 in 2012.
- Exempting School Book Fairs from the Sales Tax to Save Families and Students $3 Million – Governor Scott is proposing to exempt the purchases of books at school book fairs from the sales tax, saving Florida families $3 million each year.