Gov. Scott signs tax cuts bill

Series of tax reductions for businesses and consumers

May 26, 2017 - 11:17 am
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TALLAHASSEE (by Rick Flagg/FLA. NEWS NETWORK) -- The governor has signed a bill creating a series of tax reductions for businesses and consumers.

Rick Scott had high hopes for tax cuts on the opening day of the legislative session in March.

"This year, I'm fighting to cut taxes by 618 million dollars to cut costs for small businesses, students, veterans, teachers, and families," he said at the time.

It was an ambitious agenda... too ambitious, as it turned out.

Scott says the final package of tax cuts he signed into law adds up to 180 million dollars... less than a third of what he wanted.

The tax cut package includes sales tax holidays for hurricane supplies and back to school shopping, as well as a reduction in the sales tax businesses pay on rentals.

It also ends the infamous Tampon Tax, which had been a sales tax on feminine hygiene products. That particular tax will now end in January 2018.
 

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