Tax holidays announced
Savings offered on school supplies,
disaster needs, tools & equipment
The governor’s office has announced the following tax holidays, which are included in the tax relief package for the 2023–2024 fiscal year:
- Back-to-School sales tax holidays will take place July 24 – August 6, 2023, and January 1 – January 14, 2024.
- Disaster Preparedness sales tax holidays will take place May 27 – June 9, 2023, and August 26 – September 8, 2023.
- The Freedom Summer sales tax holiday lasts from Memorial Day through Labor Day of this year.
- The Tools and Equipment sales tax holiday will take place from September 2 – September 8, 2023.
Additionally, the tax relief package includes a one-year sales tax exemption on gas stoves and Energy Star appliances. There will also be a reduction in the tax rate on business rent from the current 5.5% down to 4.5% effective December 31, 2023, to help small businesses keep more of their profits.
The tax relief package adds to the savings Gov. Ron DeSantis already enacted earlier this year. In December, the Governor signed the Toll Relief program into law, which began in January. The program provides frequent commuters with 35 or more toll transactions per month with a 50% credit to their account. This program is expected to save the average commuter nearly $480 over the year and save Florida families a total of $500 million.
Additionally, the Governor signed the Live Local Act earlier this year, to help Floridians live locally in the communities that they work in and incentivize new housing development. This legislation will provide more than $854 million in tax incentives and sales tax refunds on building materials to help Florida families access more housing in the communities they work in. In total, this family-focused tax relief could save a family of four as much $1,000 over the course of a year.
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