HB 7099- Relating to Taxation
On Thursday, March 3rd, HB 7099, relating to Taxation, by the House Finance & Tax Committee was referred to the Senate Appropriations Committee after passing through the floor of the House. After being heard by the Senate Appropriations Committee, HB 7099 unanimously passed with 18 yeas and 0 nays. AIF’s Senior Vice President of State and Federal Affairs, Brewster Bevis, stood in support of this bill.
HB 7099 aims to cut taxes in the state of Florida for the 2016-2017 fiscal year by a grand total of $991.7 million. Much like last year’s House tax package, this legislation will encompass some of our top taxation priorities that are of the utmost importance to our member, such as: makes sales tax exemptions for certain manufacturing machinery and equipment purchased by any eligible manufacturing businesses permanent; and provides a ten-day “back-to-school” holiday for clothing, footwear, school supplies and computers; a one-day “technology” sales holiday on computers and related accessories; and a one-day “small business” holiday for sales by small businesses.
This tax package will now head to the Senate floor for consideration.
AIF supports tax cuts for Florida’s consumers and businesses.
Below is a statement released from our President & CEO, Tom Feeney, commending the Senate Appropriations committee on the passage of HB 7099:
AIF Statement on Tax Package Passing Senate Appropriations
Tax Package to Repeal Manufacturing Equipment Sales Tax
Tallahassee, Fla. – The Associated Industries of Florida (AIF) today released the following statement attributed to its President & CEO Tom Feeney regarding the tax package passing the Senate Appropriations Committee. AIF applauds the inclusion of language to repeal the manufacturing equipment sales tax.
“AIF lauds the members of the Senate Appropriations Committee for advancing the tax package today. As Florida’s leader in manufacturing and Florida’s affiliate for the National Association of Manufacturers, AIF supports eliminating the sales tax on manufacturing machinery and equipment once and for all.
“With Florida’s manufacturing sector significantly providing high-wage and high-value added jobs, it is imperative that we grow this high-producing industry as the state continues to diversify the economy.
“As the tax package heads to the Senate floor, AIF encourages the full Senate to advance this pro-business tax cut that will reinvigorate manufacturing and accelerate job growth in the Sunshine State.”
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