2024 Florida Legislative Updates: What Local Businesses Need to Know
As of October 2024, several new laws passed by the Florida Legislature will impact businesses across the state. Here's a quick breakdown of what’s relevant for Clewiston’s business community:
Tax Relief Measures : Florida’s 2024 budget includes over $1 billion in tax cuts, including sales tax holidays on essential items. This is great news for both businesses and customers, especially ahead of the holiday season.
Affordable Housing Initiatives : New legislation aims to increase affordable housing options by streamlining building permits and offering incentives for housing developments. Local businesses may see benefits as housing becomes more accessible for employees.
Corporate Transparency Act : Starting in 2024, small businesses will need to report certain ownership details to the Financial Crimes Enforcement Network (FinCEN). This is aimed at increasing transparency but could mean additional paperwork for business owners.
Labor Law Changes : Updates to employment regulations now provide more guidance on issues such as employee rights and workplace safety, which will affect compliance procedures for businesses of all sizes.
Stay tuned as we continue to break down these changes and their impact on our local economy. If you have any questions, feel free to reach out or join us at our next Chamber event!
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