• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Featured
  • Leaders
  • Government
  • Industry
  • Education
  • Opinion
You are here: Home / Archives for Florida Reemployment Tax Rate

Florida Reemployment Tax Rate

Governor Ron DeSantis Announces Florida Reemployment Tax Rate Continues to Remain at the Lowest Possible Rate

Posted on December 20, 2019

Governor Ron DeSantis today announced more than 63 percent of Florida businesses will continue to pay the lowest possible rate for reemployment taxes in 2020. [Read more…] about Governor Ron DeSantis Announces Florida Reemployment Tax Rate Continues to Remain at the Lowest Possible Rate

Filed Under: Government Tagged With: Florida Reemployment Tax Rate, Governor Ron DeSantis

Gov. Scott: Florida Reemployment Tax Rate to Remain at Lowest Rate for Fourth Year

Posted on December 14, 2018

Governor Rick Scott today announced Florida businesses will continue to pay the lowest possible rate for reemployment taxes in 2019 – for the fourth year in a row. [Read more…] about Gov. Scott: Florida Reemployment Tax Rate to Remain at Lowest Rate for Fourth Year

Filed Under: Government, Industry Tagged With: Florida Reemployment Tax Rate, Governor Rick Scott

Gov. Scott: Florida Reemployment Tax Rate to Remain at Lowest Rate for Fourth Year

Posted on December 14, 2018

Governor Rick Scott today announced Florida businesses will continue to pay the lowest possible rate for reemployment taxes in 2019 – for the fourth year in a row. [Read more…] about Gov. Scott: Florida Reemployment Tax Rate to Remain at Lowest Rate for Fourth Year

Filed Under: Government Tagged With: Florida Reemployment Tax Rate

Gov. Scott: Florida Reemployment Tax Rate to Remain at its Lowest in 2018 for Third Year in a Row

Posted on December 14, 2017

Gov. Rick Scott today announced that Florida businesses will continue to pay the lowest possible rate for reemployment taxes next year for the third year in a row. The minimum tax rate will remain at $7.00 per employee in 2018. As a result of Florida’s thriving economy, more than 60 percent of Florida’s employers will pay the minimum tax rate, which is the highest number of employers at the lowest reemployment tax rate since 2004. The $7.00 per employee minimum tax rate for 2018 is down from a high of $120.80 per employee in 2012. Since 2012, Florida businesses have had their reemployment tax reduced by more than 94 percent, resulting in a savings of more than $4.9 billion.
Gov. Scott said, “By keeping the reemployment tax low, we are putting more money back into the hands of job creators so they can invest in their businesses. This continued low rate is another example of the steps we are taking to make Florida number one in the nation for job growth and opportunities.”
Florida businesses pay the reemployment tax as a percentage of the first $7,000 in wages for each employee. Reemployment taxes, or taxes on payroll, fund Florida’s Reemployment Assistance Trust Fund. Florida’s strong economy and private-sector job growth has allowed the state to dramatically reduce the minimum reemployment tax rate. As a result, this year’s trust fund is robust and the reemployment tax rate will remain low for 2018.
Department of Economic Opportunity Executive Director Cissy Proctor said, “Businesses are confident in Florida’s economic climate and continue to create jobs for hardworking citizens. Our strong trust fund allows for a lower tax rate for a majority of businesses. This allows businesses to reinvest these savings. Florida remains the best state in the nation to live, work and do business.”
More information about the Reemployment Assistance tax rate can be found here.

Filed Under: Featured Tagged With: Florida Reemployment Tax Rate, Governor Rick Scott

Primary Sidebar

    Submit News    

First Lady Casey DeSantis Announces Next Steps in Florida’s First-In-The-Nation Approach to Create a Culture of Resiliency and Incentivize Parental Involvement in Schools

First Lady Casey DeSantis today held a roundtable at Florida State University … [Read More...] about First Lady Casey DeSantis Announces Next Steps in Florida’s First-In-The-Nation Approach to Create a Culture of Resiliency and Incentivize Parental Involvement in Schools

First Lady Casey DeSantis Announces an Expansion of Hope Florida to Harness the Generosity of Private Sector Entities

Walgreens is the first statewide partner and TECO is the first regional partner to join Hope Florida First … [Read More...] about First Lady Casey DeSantis Announces an Expansion of Hope Florida to Harness the Generosity of Private Sector Entities

The Florida Department of Economic Opportunity Announces $13 Million in Community Development Funding Available for Florida Small Cities

Application Window for the Florida Small Cities Program to Open Beginning March 20 and Closing May 5 The … [Read More...] about The Florida Department of Economic Opportunity Announces $13 Million in Community Development Funding Available for Florida Small Cities

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Featured
  • Leaders
  • Government
  • Industry
  • Education
  • Opinion

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2023 Capital Soup · All Rights Reserved ·