Associated video: Gov. DeSantis holds a press conferences in Tallahassee
TALLAHASSEE, Fla. (WFLA) — The Florida Home of Representatives is proposing the biggest lower to gross sales tax in state historical past, from 6% to five.25%.
Home Speaker Daniel Perez introduced the proposal throughout a speech in regards to the state finances to the Home Chamber on Wednesday.
The finances, formally referred to as the Normal Appropriations Act, shall be printed on Friday, Perez stated.
“Members, the proposed Home GAA shall be historic,” Perez stated. “Our finances won’t solely be decrease than the Governor’s proposed finances, it can even be decrease than the finances handed by the Legislature final time period.”
The proposed finances from Gov. DeSantis is available in at $115.6 billion and an FAQ printed by his workplace says this may be a $3 billion discount from the 2024-25 finances.
Perez stated the state has a spending downside and that the everlasting .75% lower will save Floridians nearly $5 billion per 12 months.
The present 6% gross sales tax has been in place since 1988, and if this lower is accepted, Perez stated it can make Florida the one state to have completely decreased its gross sales tax.
