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Florida Governor Ron DeSantis has signed a heavy tax relief bill, hoping the parade of seasonal cuts will save Floridians’ bank accounts from soaring prices.
DeSantis signed the high-profile relief program in Ocala, Florida on Thursday. The bill is expected to save citizens of the state about $1.1 billion on purchases, including diapers, clothing, gas and more. The governor blamed inflation on President Biden’s administration, boasting that further tax relief would be the latest step in tackling rising costs.
“I think we’ve done more than any other state to fight the headwinds of Biden inflation to bring relief to our citizens,” DeSantis said.
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“This is actually the largest tax relief in Florida state history – a $1.2 billion tax relief package,” DeSantis added.
Exemptions will be rolled out piecemeal over the coming fiscal year with specific dates assigned for different products. The breaks include a back-to-school sales tax holiday from July 25 through August 7, when school supplies and children’s clothing will be marked tax-free. A similar window is scheduled for the state fuel tax holiday in October and a special “tool time” week in September focused on home improvement purchases.
“The 2022 Florida Legislature has passed and Governor DeSantis has signed into law nine sales tax holidays or tax holidays and one fuel tax exemption,” the Florida Department of Revenue announced in a schedule of upcoming tax relief.
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Other tax exemptions include: children’s books, disaster preparedness, freedom week, diapers and clothing, household appliances and home reinforcement.
Tax relief for Energy Star baby and toddler clothing, diapers and appliances will last for a full year.
Home hardening, a tax break on home reinforcements and security updates, will last two years.
“During this sales tax exemption period, tax is not due on retail sales of impact resistant doors, impact resistant garage doors and impact resistant windows for commercial or non-commercial use “, announced the Ministry of Revenue.
Fox News’ Micah Maidenberg and Alison Sider contributed to this report.
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