HB 7099- Relating to Taxation
On Friday, March 11th, HB 7099, relating to Taxation, by the House Finance & Tax Committee was amended and read for a third time on the Senate floor and passed by a vote of 35 yeas to 4 nays. HB 7099 was then sent to the House chamber to be considered as amended.

The House then took up HB 7099, concurred with the bill as amended and passed HB 7099 by a vote of 105 yeas to 9 nays.

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 go to the desk of Governor Scott to be signed into law.

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

Below is a statement released from our President & CEO, Tom Feeney, commending the Legislature on the passage of HB 7099:

AIF Statement on Tax Package Passing Florida Legislature
Tax Package to Repeal Manufacturing Equipment Sales Tax Heads to Governor

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 Florida Legislature.  AIF applauds the inclusion of language to repeal the manufacturing equipment sales tax, which now heads to the Governor for his signature.

“AIF applauds the Florida House and Senate for passing the tax package today, which includes language to eliminate the sales tax on manufacturing machinery and equipment.

“As Florida’s leader in manufacturing and Florida’s affiliate for the National Association of Manufacturers, AIF supports the repeal of this pro-business tax cut that will energize manufacturing and grow high-wage and high-value added jobs in the Sunshine State.

“We look forward to Governor Rick Scott signing this good tax reducing measure into law.”

# # #