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