Gov. Rick Scott Proposes $100 Million Tax Cut On Commercial Leases

Jan 29, 2014 No Comments by

Taking the final bite out of his commitment to eliminate $500 million in taxes and fees for the upcoming legislative session, Gov.Rick Scott announced Tuesday a proposal to cut sales taxes on commercial rents.

The savings to Florida businesses: $104 million, according to a statement issued by Scott’s office.

The governor’s budget reduces the tax on commercial leases by one half of a percentage point from its current 6 percent.

The proposal is the last plank in a plan that includes the governor’s previously announced call for a $400 million reduction in car registration fees.

 

Source:  SFBJ

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