Florida Is The World's Port Of Call

Florida residents are keenly aware that tourism is an important economic engine providing power to the state economy, and several Florida TaxWatch publications provide economic data supporting this observation. Tourism is one of the top providers of jobs for Floridians and a serves as a major source of tax revenue for the state.

Notably, tourism is one of the few sectors that created jobs during the most recent recession in Florida. One segment of the tourism sector, the cruise industry, is uniquely suited to take advantage of Florida’s natural attributes. No other state or nation can boast the number of cruise lines, port proximity advantages, and welcoming culture that Florida offers. 

Seven Florida seaports handle passenger movements by cruise ship, ferry, or day-cruise vessels. Passengers that use Florida’s ports travel most frequently to the Bahamas, the Caribbean, and Central America. While not the most popular destinations, several South American and Transatlantic options are also available from Florida’s ports. Recently, there has been a significant increase in one-day cruise passengers to destinations such as the Bahamas, especially from ports Canaveral, Everglades, Miami, and Palm Beach.

PortMiami, Port Everglades, and Port Canaveral, the Sunshine State’s three most-visited cruise ports, are also the world’s most visited cruise terminals. The most visited of those, PortMiami, is currently home to eight cruise ships that collectively made 767 calls (a stop to pick up or discharge passengers or cargo, or to undergo repairs) in FY2012-13.

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Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

The Florida Legislature is meeting in special session to consider Governor DeSantis’ proposed constitutional amendment and linked legislation to provide significant property tax relief to Florida homeowners. The proposal has many provisions, but the main ones would increase the homestead exemption to $150,000, beginning January 1, 2027, and then increase it to $250,000, beginning January 1, 2028. This exemption will apply to all property taxes. In addition, the cap on the annual increase in the assessment of non-homestead properties would be reduced from 10% to 5%, but this change would not apply to school property tax levies. Any property taxes remaining after the changes would be restricted to being used solely for core services such as public safety, education, infrastructure, debt, and retirement benefits.

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