With less than seven days left of the 2012 Legislative Session, the House and Senate are moving closer to a budget agreement and I hope this information brings clarity to a process that appears to be complex. As a conferee on the Finance & Tax Committee, I have been charged with protecting tax relief measures for Floridians.
My conference issues vary from corporate income tax to economic development issues to back to school shopping. As a conferee, I have been advocating for programs that generate new business, grow existing companies and provide tax relief to families throughout Florida. I believe that the issues and programs under the Finance & Tax Conference must offer tangible relief while also aiding the passage of a balanced budget.
One of the issues that is before my conference is the Sales Tax Holiday. This back to school tax relief is a valuable program in our community. Many of us find ourselves cutting our personal budgets back and this holiday provides direct relief to our community, our students and our teachers. While this is a small issue in the large budget picture, I still believe that it provides much needed finical assistance to our community.
Some of the larger issues deals with tax incentives that support job creation and create statewide economic development programs. As a conferee, I am fighting for the New Markets Development Program, tax relief for our community's agricultural businesses, local enterprise zones and a corporate income tax exemption. I believe that these proposals will push Florida into a brighter economic future. The positive growth that will come from these programs will continue to make our community a great place to call home.
For more information about the legislation and issues before the Finance & Tax Budget Conference, please use the links below:
HB 87 - Tax on Severance and Production of Oil
HB 737 - Sales Tax Holiday
HB 5701 - Corporate Income Tax
HB 5703 - Tax on Communications and Utility Services
HB 7087 - Economic Development
As always, do not hesitate to call me or my office with any questions or concerns you may have about this process.
Your Representative and Neighbor,