BILL SUMMARY DETAILS

Florida League of Cities

Taxation (Monitor)

HB 7063  (Ways & Means Committee) and CS/SB 7062 (Finance and Tax) are the tax packages for the 2023 Legislative Session. The bills provide for several tax reductions and other tax-related modifications. Several provisions in the bills are related to property taxes for permanently and totally disabled veterans, first responders, and their surviving spouses. The bills also include a provision to freeze local communications services tax rates at their current levels for three years. The bills include the “Freedom Summer” tax holiday, which is a three-month reduction for specified recreational items and activities. The bills include numerous sales tax holidays and new sales tax exemptions. HB 7063 reduces the state sales tax on Commercial Leases from 5.5% to 4.5%. HB 7063 also 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. HB 7063 passed the House (114-0) and is awaiting action by the Senate. (Chapman)