If you’re in a financial crisis, Florida tax relief may be just what you need to get back on your feet. The state recently passed HB 5601 to provide back-to-school sales tax holiday and hurricane preparedness tax breaks for a total of $430 million in savings. It also extended sales taxes exemptions for child safety seats and $400 million in reductions to the annual vehicle registration fee. Even if you’re not filing for bankruptcy, you can still take advantage of the many benefits of Florida tax relief.get IRS tax relief
The Florida House has passed HB 7061, which would create a permanent sales tax exemption for independent living items, such as bed transfer handles, grab bars, shower seats, and more. Another piece of the tax package doubles the affordable housing tax credit for properties, from 50% to 100%. The bill also includes implementation language for a constitutional amendment providing property taxes relief for flood mitigation. These are just some of the benefits of Florida tax relief.
Another Florida tax relief bill passed by the state Senate last month is House Bill 7061. This bill will provide significant relief for families and businesses, as well as expand the current sales tax exemption for affordable housing. In addition, the bill includes a permanent sales tax exemption for items that support independent living. With this relief, Florida residents can invest in their futures and enjoy the outdoors. However, many people are concerned that it will be difficult to keep up with the high cost of living.