By Jim Jaquess
Governor DeSantis recently signed into law more than $1.2 billion of tax relief for Floridians. The new law creates 10 sales tax holidays for a variety of items commonly purchased by Florida families, including fuel, diapers, disaster supplies and tools.
“Florida’s economy has consistently outpaced the nation, but we are still fighting against inflationary policies imposed on us by the Biden administration,” Governor DeSantis said. “In Florida, we are going to support our residents and help them afford the goods that they need. Florida has been fiscally responsible, so we are in a good position to provide meaningful relief for families, right now.”
The 10 tax holidays are:
A one-month Fuel Tax Holiday from October 1-31, 2022, saving Floridians $200 million by lowering the price of gas by 25.3 cents per gallon.
A 3-month sales tax holiday for children’s books from May 14 through August 14, 2022, providing $3.3 million in tax relief.
A one-year sales tax holiday from July 1, 2022, through June 30, 2023, for baby and toddler clothes and shoes, providing $81.5 million in tax relief.
A one-year sales tax holiday from July 1, 2022, through June 30, 2023, for children’s diapers, providing $38.9 million in tax relief.
A 14-day Back-to-School sales tax holiday from July 25 through August 7, 2022, for clothing, shoes, backpacks and school supplies, providing $100 million in tax relief.
A 7-day Tool-Time sales tax holiday from September 3-9, 2022, for tools and other home improvement items, providing $12.4 million in tax relief.
A two-year sales tax holiday from July 1, 2022, through June 30, 2024, for impact resistant windows, doors and garage doors, providing $442.8 million in tax relief.
A 7-day Freedom Week from July 1-7, 2022, providing a sales tax exemption for specified admissions and items related to recreational activities, providing $70.6 million in tax relief.
A one-year Energy Star Appliances sales tax holiday from July 1, 2022, through June 30, 2023, for washing machines, clothes dryers, water heaters and refrigerators, providing $78.5 million in tax relief.
For more information, visit floridarevenue.com.