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Bill > H0259


FL H0259

FL H0259
Small Business Saturday Sales Tax Holiday


summary

Introduced
01/14/2015
In Committee
01/22/2015
Crossed Over
Passed
Dead
04/28/2015

Introduced Session

2015 Regular Session

Bill Summary

Defines term "small business"; provides that sales & use tax may not be levied on sale of items or articles of tangible personal property by certain small businesses during specified period; provides appropriation.

AI Summary

This bill, titled "Small Business Saturday Sales Tax Holiday," proposes to define what constitutes a "small business" and then exempts sales and use tax on tangible personal property sold by these designated small businesses during a specific period, effectively creating a sales tax holiday. It also includes an appropriation of $211,775 from the General Revenue Fund to the Department of Revenue for the fiscal year 2015-2016 to cover the administrative costs associated with implementing this act, and the act is set to take effect on July 1, 2015.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (2)

Other Sponsors (1)

Finance and Tax Committee (House)

Last Action

Died in Economic Development and Tourism Subcommittee (on 04/28/2015)

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