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Scott’s latest tax cut proposal pushes givebacks over $600 million

by John Kennedy | January 28th, 2014

Gov. Rick Scott unveiled another tax cut proposal Tuesday — a $104 million reduction in the sales tax on business rents.

Scott, who promised a $500 million overall reduction in fees and taxes this election year, has so far floated five different proposed cuts that add up to about $618 million in savings, according to the governor’s math.

The growing level of givebacks may earn Scott some resistance in the Legislature, where some lawmakers appear initially underwhelmed with his proposal for school funding and also want to maintain a large budget reserve.

Scott promoted the break for business rentals at an Ace Hardware Store in Orlando, a day before he plans to roll out his full budget recommendation to the Legislature for the 2014-15 year.

While reducing the 6 percent state sales tax on commercial leases appears to be Scott’s final tax-cut pitch, the governor heard the request from many business leaders last fall when he embarked on a four-day listening tour seeking ideas for trimming taxes.

Scott opened his tour in September in West Palm Beach, where Palm Beach County Business Development Board President Kelly Smallridge brought up the tax.

“Whenever we’re courting a company to come to the state of Florida and Palm Beach County, they’re taking a look at these real estate taxes on leases and we’re one of the only states that has a tax on commercial leases,” Smallridge said.

 

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4 Responses to “Scott’s latest tax cut proposal pushes givebacks over $600 million”

  1. jac Says:

    Give us our money that you overtaxed for.

  2. howie Says:

    Florida is getting ready to receive all those overtaxed businesses in NYC..way to go, Gov..

  3. Honesty Says:

    He is funding these cuts by taxing state employees. All employees started paying anywhere from 4 or 5 hundred dollars per year to 2-3 thousand since he took office in 2010. He called it the FRS 3% contribution, but in reality it goes into the general fund. This is not an economic renaissance, but a tax increase. Make up your own mind on whether you think that is fair or just, but that is the reality.

  4. CFLAP Says:

    Governor sugar daddy is not going to be able to escape the fact that he failed to stand up for the constitutional rights of thousands of Floridians when he underhandedly vetoed an alimony and shared parenting reform bill that was overwhelmingly passed by the legislature.
    The governor prefers to govern based on his on biases.

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