The 2014 Florida TaxWatch Annual Report: Bridging the Gap Between Taxpayers and Their Government
November marks the beginning of the holiday season and the start of retailers’ busiest days of the year. This year, Florida holiday sales are expected to be better than those in 2013, according to the Bureau of Economic and Business Research at the University of Florida. This is good news for Florida,
since retail trade is the third-largest employer by industry, and general sales taxes make up 74.2 percent of the state’s General Revenue.
Florida retailers are expected to exceed 2013 holiday sales this year, according to this report; however, increased consumer spending may not benefit Florida retailers like it should due to a tax loophole.
Floridians have another reason to be thankful this holiday season: Florida is not one of the 14 states in the nation that tax groceries. While most food that Florida residents prepare themselves for a Thanksgiving feast is exempt, some of the items on dinner tables may be subject to the state's sales tax, ranging from six to 7.5 percent.
Florida lawmakers need to act quickly to connect patients with higher quality, timely care by using telehealth to bring the state's health policies into the 21st century, according to recommendations from this report, which notes that policymakers should immediately pursue incremental adoption of telehealth policies during the 2015 session.
A new national report ranking Florida's business climate as 5th best in the nation highlights the state's strengths but may overstate the attractiveness of Florida's tax system, according to this report. The ranking is from the Tax Foundation's 2015 Business Tax Climate Index, an annual publication that analyzes how tax structures compare across states.
Florida, home to more than 1.6 million veterans, has provided a number of tax and related benefits to veterans and their families, in an effort to become the most veteran-friendly state in the nation. To celebrate Veterans Day, Florida TaxWatch compiled a list of Florida's veteran-friendly policies.