/ Categories: Research, Taxes

Session Spotlight - Provisions in the House Tax Package & Corresponding Senate Legislation

It appears the 2020 Legislature will cut taxes again. As has been recent practice, the House Ways & Means Committee developed a package of tax cuts and other tax-related provisions, while the Senate has moved individual tax bills through committee. We likely will not see the Senate’s full tax proposal until the House bill (HB 7097) reaches the Senate floor and it offers an amendment. 

 The House package includes $61.6 million in one-time cuts and $128.0 million in recurring cuts. This includes local taxes of $24.8 million (one-time cuts) and $42.5 million (recurring cuts). By delaying the effective date of largest recurring tax cuts until January 1, 2021, the House was able to limit the loss of General Revenue (GR) in the upcoming budget year to $87.3 million. The two biggest House cuts are two Florida TaxWatch top priorities: reductions in the business rent tax and the communications services tax. 

Most of the other House tax cuts are relatively small and narrow in application. Most of these do not have corresponding Senate bills. HB 7097 also includes a number of other tax changes, some of which are administrative 

The House could vote on its tax package this week. The Senate has not yet passed any major tax bills, but two sales tax holiday bills are on the Calendar. 

 

Documents to download

Previous Article HB7087 — Proposed Merger of SUS Institutions
Next Article Q2 2019-20 Broward Schools SMART Program Report Review
Print
2841
0Upvote 0Downvote
«June 2025»
MonTueWedThuFriSatSun
2627282930311
23
Florida Economic Forecast: Q1 2025

Florida Economic Forecast: Q1 2025

Florida's economy has been growing to new heights these past years -- reaching nearly $1.5 trillion. The Q1 2025 economic forecast by Florida TaxWatch examines key trends in population growth, employment, income, GDP, and tourism, offering valuable insights for policymakers, business leaders, and taxpayers.

Read more
45678
910
The Census Undercount’s Toll on Florida Roads

The Census Undercount’s Toll on Florida Roads

In 2020, Florida was one of six states with a statistically significant census undercount. Florida failed to count 3.48 percent of its total population (750,000 residents). The census count is used to apportion legislative seats and allocate federal funding. Florida’s census undercount cost the state at least one—potentially two—congressional seats and up to $21 billion in federal funding through the end of the decade.

Read more
1112131415
1617
2025 Budget Turkey Watch Report

2025 Budget Turkey Watch Report

Florida TaxWatch’s 2025 Budget Turkey Watch Report delivers an independent, line-by-line review of Florida’s conference budget worth $115.1 billion. It identifies 238 appropriations totaling $413.5 million that bypassed established vetting procedures or public scrutiny—designating them as “Budget Turkeys”—and flags an additional $799.5 million in member projects that merit heightened executive review.

Read more
1819202122
23242526272829
30123456

Archive