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Bill > H7141


FL H7141

FL H7141
Taxation


summary

Introduced
04/01/2015
In Committee
04/15/2015
Crossed Over
04/15/2015
Passed
Dead
05/01/2015

Introduced Session

Potential new amendment
2015 Regular Session

Bill Summary

Increases property tax exemptions for certain persons; reduces tax rate to certain satellite services; revises distributions of tax revenues from sales & use tax, communications services tax, & gross receipts tax; revises provisions concerning communications services tax & rates; exempts various products from sales & use tax; repeals estate tax; requires circuit court judges to provide monthly reports concerning decedents; creates Defense Works in Florida Incentive to reduce computation of adjusted federal income for certain contractors; extends date for tax credit for certain community contribution donations; increases tax credits for rehabilitation of certain contaminated sites; provides various sales tax holidays.

AI Summary

This bill enacts several changes to Florida's tax laws, including increasing property tax exemptions for certain individuals, reducing the tax rate on satellite services, and revising how sales tax, communications services tax, and gross receipts tax revenues are distributed. It also modifies provisions related to the communications services tax and its rates, exempts various products from sales and use tax, and repeals the estate tax, while requiring circuit court judges to report monthly on decedents to the Agency for Health Care Administration. Additionally, it introduces the "Defense Works in Florida Incentive" to reduce adjusted federal income for certain contractors, extends a tax credit for community contributions, and increases tax credits for rehabilitating contaminated sites. The bill also establishes several sales tax holidays, including one for clothing and school supplies, another for personal computers and related accessories, a "Small Business Saturday" holiday for items under $1,000 sold by qualifying small businesses, and a July 4th holiday for firearms, ammunition, camping tents, and fishing supplies.

Committee Categories

Budget and Finance

Sponsors (6)

Other Sponsors (1)

Finance and Tax Committee (House)

Last Action

Died in Appropriations (on 05/01/2015)

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