FORT MYERS, Fla. (WFLA) — A invoice filed on Tuesday would require the Workplace of Financial and Demographic Analysis to conduct a examine on eliminating property taxes within the state of Florida.
This invoice seeks to eradicate property taxes by discovering efficient methods to interchange the income by funds reductions, sales-based consumption taxes, and domestically decided taxes.
The necessities of the proposed examine embrace an intensive evaluation of the impression on public companies reminiscent of schooling, infrastructure, and emergency companies.
An evaluation of the potential results, modifications, and fluctuations within the housing market can be required, together with an analysis of the impression on companies in Florida total.
The examine would additionally bear in mind shopper behaviors contributing to long-term financial stability and development.
If handed, a report detailing the examine’s findings needs to be submitted to the President of the Senate and the Speaker of the Home of Representatives by Oct. 1, 2025.
The invoice would go into impact on July 1.
