HB 7141- Relating to Taxation
On Thursday, April 9th, HB 7141, formerly FTC5, by the House Finance & Tax Committee and Rep. Matt Gaetz (R-Fort Walton Beach) passed through its third reading on the floor of the House with 112 yeas and 3 nays.

HB 7141 is a tax package bill that will encompass a wide variety of issues, from tax exemptions including agricultural items; like feed for aquatic organisms, irrigation equipment, costs of maintenance and repairs of irrigation and power farm equipment, stakes, and certain trailers, the reduction of taxes on state communications services tax (CST), tax exemptions on school supplies, to extending dates for tax credit in certain community contribution donations.

Now that HB 7141 has passed through the House, this tax package will head to the Senate chamber for a vote.

AIF supports tax cuts for Florida’s consumers and businesses.