$140 Million Potential Taxpayer Savings – PRESS RELEASE
“By rounding down with the sales tax, it calculates in favor of the consumer, instead of the State of Florida,” said Senator Legg. “Those cents add up to an estimated taxpayer savings ranging between $85 million to more than $140 million.”
Representative Burgess said, “Everyone in Florida deserves to keep more of their hard-earned money. This legislation eliminates three pages of the tax code and will affect Floridians of all incomes on every purchase they make. I look forward to providing tax relief to every Floridian during the 2015 Session.”
Taxpayer savings is based on a previous Revenue Estimating Conference report using numbers from last year. Committee references for both Senate Bill 506 and House Bill 355 are pending.