The governor of Florida is up for reelection in November and is a potential presidential contender. His tax relief package includes a host of favorable tax breaks for businesses. These businesses tend to double as campaign contributors for the governor. One such break includes an exemption from sales tax on Formula One Grand Prix and Daytona 500 tickets worth $6 million. Another break may be worth $7.5 million for a company based in Florida that produces aquaculture products.tax debt relief attorneys in Tampa
Another major tax relief plan signed by DeSantis includes a one-year sales tax holiday on over-the-counter pet medications and pet food. The bill also extends the state’s annual back-to-school sales tax holiday by three months and offers more tax breaks for families. The new tax breaks will help consumers save up to $200 million per year on essential items. Additionally, the bill includes a one-month fuel tax holiday that will reduce gas prices by 25 cents a gallon.
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Tax relief in Florida is also focused on families, with Gov. Ron DeSantis’ budget containing over $1.1 billion in tax cuts. Families in Florida spend a lot on diapers and clothes. In the first year of a child’s life, parents go through an estimated 3,000 diapers.