TAMPA, Florida. – At a time when gas prices and inflation are wreaking havoc on family incomes, lawmakers have included a little something for everyone in Florida’s new state budget – in the form of tax exemptions. short-term and long-term tax relief.
Some of the tax breaks and holidays are new, while some that have been around for a while are being extended with additional days and incentives.
The state passed the record $112.1 billion budget on Monday, ending a legislative session dominated by fierce debate on issues including education, abortion and immigration.
However, most taxpayers can agree on measures that save them money while buying everything from disaster preparedness supplies and energy-efficient appliances to gasoline and even diapers.
Florida brings back popular tax exemptions
Back-to-school tax holiday
The back-to-school tax holiday is back, but this time it’s twice as long.
The 14-day event runs from July 25 to August 7, 2022. On the list of zero-rated items during this time include clothing, footwear and backpacks, as well as school supplies and learning aids.
Personal computers costing $1,500 or less are also exempt from tax.
Directory of Fort Lauderdale, Marshalls Discount Department Store. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)
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freedom week returns July 1-7, 2022, giving Floridians a chance to experience all the Sunshine State has to offer, with no additional financial burden.
Concert, museum and movie tickets will be tax-free, along with state park admissions and annual passes. The tax exemption applies to purchases made during Freedom Week, but tickets can be used for events or park visits anytime through December 21, 2022.
The tax exemption also applies to sales of boats, camping, fishing, outdoor supplies and sports equipment.
Additional short-term tax holidays
Disaster Preparedness Sales Tax Exemption
The sales tax exemption for disaster preparedness runs from May 28 to June 10.
According to a press release from the office of the President of the Florida Senate, zero-rated items include flashlights, lanterns, radios, tarps, coolers, batteries, smoke detectors, fire extinguishers and monoxide detectors. of carbon.
Home Depot customers walk past hurricane preparedness supplies for sale on May 27, 2021 in Doral, Florida. (Photo by Joe Raedle/Getty Images)
Generators costing $1,000 or less are also tax exempt.
The holiday also includes a number of elements related to the safe evacuation of pets.
Skilled Worker Tools Sales Tax Exemption
New this year is the tax holiday for tools for skilled workers, from September 3 to 9.
Zero-rated items include certain hand and power tools, work boots, safety equipment, shop lights, tool boxes, tool belts, plumbing and electrical equipment, and manuals and industry codebooks.
Gasoline Tax Exemption
Also new in this year’s budget is a month-long gas tax holiday in October, when Florida’s gas tax will drop by 25 cents per gallon.
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Long-term tax relief measures
Effective July 1, baby diapers will be zero-rated for one year. Considering new parents spend $3,000 on diapers in a baby’s first year, this could offer significant savings.
Clothing and footwear for babies and toddlers under age 5 will also be zero-rated for a period of one year beginning July 1.
There’s also a one-year tax break on energy-efficient appliances.
Energy Star appliances, including refrigerators/freezers under $3,000 and water heaters, washers or dryers under $1,500, will be zero-rated from July 1, 2022 to June 30, 2023.
Purchases of impact-resistant windows, doors and garage doors will be zero-rated for two years, beginning July 1.
Sales tax on mobile homes is permanently reduced from the current 6% to 3%. There is also a permanent tax exemption for fencing materials on farmland and for all trailers used for agricultural purposes.