The Florida House has passed a $196 million tax relief bill, which includes a third-tax holiday, new credits, and tax exemptions, and a number of other changes. The bill, House Bill 7061, was assembled by the House Ways & Means Committee and passed the Senate and the House unanimously. The lone dissenting vote came from Rep. Omari Hardy. Here are some of the most notable provisions of the bill.tax debt relief attorneys in Tucson
One provision of the plan is a $300,000 exemption for green hydrogen machinery. Solar energy companies have been voicing their opposition to the bill, but Florida Power & Light is likely to benefit the most. Meanwhile, Florida Democratic Party Chair, Manny Diaz, has criticized Gov. DeSantis’s hypocrisy in using American Rescue Plan money to boost his political career. The new law also includes a one-month Fuel Tax Holiday, which is projected to save state taxpayers $200 million this year and cut gas prices by 25 cents a gallon.
Another piece of tax relief is a two-year exemption for storm-resistant windows and doors. The measure, House Bill 7071, was signed by Gov. Ron DeSantis on May 6. The tax-cut package also contains $462 million for disaster supplies and “home hardening” projects. Some of these projects could even qualify people for discounted insurance premiums. Florida’s Chief Financial Officer Jimmy Patronis has argued that storm-resistant windows should be one of the state’s top priorities during the regular session.
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