Some Dates and Benefits of The Largest Tax Relief Plan in Florida’s History

I've broken down some of the dates of our tax breaks, current and upcoming. After all, who doesn't like a tax break.

 Sales tax holidays included in the tax relief package for the 2023–2024 fiscal year: 

• May 27 – June 9, 2023:  Disaster Preparedness sales tax holiday and
•  August 26 – September 8, 2023. 

• Memorial Day through Labor Day 2023: The Freedom Summer sales tax holiday
• Includes items such as Admissions to Concerts, Museums, Movies
  

• July 24 – August 6, 2023:  Back-to-School sales tax holiday and
• January 1 – January 14, 2024.  
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• September 2 – September 8, 2023:  The Tools and Equipment sales tax holiday.

•  A one-year sales tax exemption on gas stoves and Energy Star appliances.

• December 1, 2023 Effective: A reduction in the tax rate on business rent from the current 5.5% down to 4.5%

•  The Toll Relief program began in January 2023: Provides frequent commuters with 35 or more toll transactions per month with a 50% credit to their account.

•  Current: the Live Local Act: To provide more than $854 million in tax incentives and sales tax refunds on building materials to help Florida families access more housing in the communities they work in.

There are some other permanent exemptions, which keeping in theme, focusing on family and child  needs. Frankly, pretty astonishing!

 You can read the full notice here:  https://www.flgov.com/2023/05/25/governor-ron-desantis-highlights-largest-tax-relief-plan-in-floridas-history/

Dawn Deegan, Global Real Estate Advisor, is Broker Associate REALTOR with Premier Sotheby's International Realty, Orlando, FL. Dawn holds the designations of ABR (Accredited Buyer Representative); CRS (Certified Residential Specialist); GRI (Graduate Realtor® Institute),; SFR (Short Sale Foreclosure Resource); SRS (Seller Representative Specialist; and is also a Certified Negotiation Expert (CNE); Quality Service Certified (QSC), Transnational Referral Certification (TRC), and Gold Key Certified (GKC). Dawn is devoted to providing the best possible services and expertise to her Buyers and Sellers of residential Real Estate. Areas include Windermere, Winter Garden, Orlando, Winter Park, and Kissimmee. Dawn’s emphasis is on achieving the best possible sale through thorough her market knowledge, communications, marketing, negotiations and transactional expertise. This results in a quality experience for the Buyer or Seller of Real Estate. Contact Dawn Deegan at 407.488-8074 or at DawnDeegan@gmail.com Visit her at http://www.dawndeegan.premiersothebysrealty.com