BILL SUMMARY DETAILS

Florida League of Cities

Taxation (Monitor) 

HB 7063  (Ways & Means Committee) is the tax package for the 2023 Legislative Session. The bill provides for several tax reductions and other tax-related modifications. Several provisions in the bill are related to property taxes for permanently and totally disabled veterans, first responders and their surviving spouses. The bill also includes a provision to freeze local communications services tax rates at their current levels for three years. The bill includes the “Freedom Summer” tax holiday, which is a three-month reduction for specified recreational items and activities. The bill includes numerous sales tax holidays and new sales tax exemptions. The bill reduces the state sales tax on commercial leases from 5.5% to 4.5%. The bill extends the ability for certain counties bordering either the Gulf of Mexico or the Atlantic Ocean to utilize up to 10% of the tourist development tax revenues to offset public safety expenses related to special events. (Chapman)