2021 How Florida Compares: Taxes
Research, Taxes, Taxpayer GuideHave you ever wondered how Florida’s taxes stack up against the taxes in other states? If so, this report is for you.
Corporate Income Tax Issues for the 2022 Legislature
COVID Recovery, Research, TaxesFederal corporate income tax reform, which had the general aim of broadening the base and lowering the rate, has reduced the federal tax burden on many corporations. However, since Florida adopted most of the base expansion measures without a concurrent rate reduction, federal tax reform has resulted in increased taxes at the state level, even after subsequent state refunds and rate cuts.
Florida TaxWatch Releases Economic Commentary on Long-Term Changes and Challenges for Housing in Florida
Press ReleasesTALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released Beyond the Pandemic: Long-Term Changes and Challenges for Housing in Florida, the sixth installment in the taxpayer research institute’s COVID-19 Legacy Series. The report explains the record price growth the housing market experienced in the past year and presents considerations for the long-term impact in Florida.
Florida TaxWatch In The News
In the NewsFlorida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!
What is Inflation and How Does it Affect Taxpayers?
BlogTo many people, the word “inflation” conjures up distant memories to some obscure high school economics class rather than offer some deep insight into the inter-workings of the economy. The topic appears mysterious in nature (understandably so), known by few outside of economics circles. Read more.
Florida TaxWatch Releases Assessment of Broward College’s Broward UP™
Press ReleasesTALLAHASSEE, Fla. – Today, Florida TaxWatch announced the release of the taxpayer research institute’s latest report, An Independent Assessment of the Value of Broward UP. Launched by Broward College in 2018, Broward UP (Unlimited Potential) is an innovative approach to increasing college access and delivering workforce education in communities impacted by high unemployment and low education attainment, with the aim to improve economic mobility in targeted Broward County area ZIP codes.
Florida TaxWatch and Rep. Chuck Clemons (R-Newberry) Highlight House Bill 15 as Taxpayer Penalty Relief Endeavor
Press Releases“Floridians are required by law to pay online sales taxes, but most are unaware; and even if they know about it, the process is remarkably tedious. Enacting legislation to shift the burden to out-of-state retailers would protect these hard-working men and women, who are already dedicated taxpayers, while also providing for a more efficient process that puts over $1.3 billion back in local and state government coffers every year. Florida TaxWatch is grateful to Rep. Clemons for supporting this issue – which has been an organizational priority for almost two decades – and working tirelessly to see House Bill 15 through.”
Poll Results: Majority of Florida Voters Support E-Fairness Legislation
Press ReleasesTALLAHASSEE, Fla. – Florida TaxWatch and Mason-Dixon Polling & Strategy, Inc. today released the results of a February 2021 poll, which indicate 63 percent of Floridians support e-fairness legislation that would require out-of-state retailers to collect online sales taxes. Currently, the burden falls on consumers, which costs Florida’s state and local governments over $1.3 billion a year, while also putting in-state retailers at a competitive disadvantage. For these reasons, this is an issue that Florida TaxWatch has been engaged in for more than a decade.
Florida TaxWatch Announces Five Taxpayer Priorities for 2021 Legislative Session
Press ReleasesTallahassee, Fla. – Florida TaxWatch today announced five taxpayer priorities for the 2021 Legislative Session, which will begin on March 2 and adjourn on April 30.
Comments to the Honorable Ed Hooper, Chair, and Members of the Senate Committee on Commerce and Tourism Regarding SB 778 –
Press ReleasesTourism plays a major role in Florida’s economic strength. In 2019, more than 131 million tourists visited Florida and spent an estimated $91.3 billion. This spending supports as many as 1.5 million Florida jobs, and generates significant state and local tax revenues in Florida, helping to keep the tax burden on residents down. According to the Office of Economic and Demographic Research, for every $1 the state invests in VISIT FLORIDA, $3.27 in state tax revenue is generated.
