Florida offers a number of tax incentives to encourage business development and job creation. The table below lists each tax incentive and clicks on a corresponding “X” to learn more. The table also includes drop-down arrows that let you select the tax break you’re interested in. There is a minimum purchase amount for each tax break, and some are more generous than others. But remember, not all purchases are eligible.
Learn More About Reducing Your Tax
This tax relief bill was rolled out by Gov. Ron DeSantis during a press conference in Ocala at a Sam’s Club on Southwest College Road. In addition to introducing a state sales tax break for many consumers, this bill also provides tax breaks for essential items such as diapers, clothing, and disaster supplies. For example, the state will no longer charge sales tax on gas during the month of October, saving drivers an average of $.25 per gallon.
The state has also approved a new law to reduce the sales tax on storm-resistant windows and doors. The new law, known as House Bill 7071, was signed into law by Gov. Ron DeSantis on May 6. The tax cuts for storm-resistant windows and doors will be effective for a period of two years. Some insurance companies may offer discounts to their policyholders if they implement the new law. In the regular session, Chief Financial Officer Jimmy Patronis recommended enacting this tax relief measure.
The tax package’s major provisions aren’t set to go into effect until July 1, but a few will take effect immediately. For example, a Jacksonville parent will save $65 on diapers over the next year thanks to this tax relief. Other tax-free items include disaster supplies, tools for skilled trades, and recreational activities. To view a full list of the tax-free items, click here. Even more important, some items are not subject to sales tax if they are tax-free.