In 2022, there were 10 sales tax holidays/temporary exemption periods in Florida. Some lasting two weeks while others may apply for a full year. They covered all sorts of products, from children’s books and clothing to energy star appliances to fishing bait. Florida 2023 sales tax holidays ...
| 4/8/2022Economists blast Florida sales tax holidays as gimmick with little benefit The Legislature last month unanimously approved $1.1 billion in tax breaks over the next two years that lawmakers say are aimed at easing the tax burden on average Floridians. But economists across the board ...
| 4/29/2022Inflation helps pad Florida's sales tax coffers Inflation continues to help boost state tax collections, but economists warn that will change as higher prices affect consumers’ shopping habits. General-revenue tax collections in March topped projections by 21.5 percent, according to ...
In 2022 Washington state imposed a new, 7% capital gains tax on sales of stocks or bonds of more than $250,000. Washington state doesn’t have a personal income tax, so the new levy marked the first time Bezos would face state taxes on his stock sales. …In 2022, when the tax took...
The state economy is also healthy. Between February 2022 and February 2023, Florida's labor force grew by 2.3%, compared to the national labor force growth of 1.5% during the same time period. The state's unemployment rate stands at 3.3%, as of October 2024. (In October 2024, the natio...
Aldi recalls cream cheese spread sold in 28 states for possible salmonella contamination Gov. DeSantis signs package that includes sales tax holidays More Consumer News Entertainment More If TikTok goes, so will livelihoods: "We'd have to completely rebuild" ...
LLCs are required to collect this tax on most types of sales in the state. There also may be a discretionary sales surtax levied by the county where your business is located on top of the sales and use tax. As a business-friendly state, Florida does offer many tax incentives to ...
The state government's primary revenue source is sales tax. Florida is one of eight states that do not impose a personal income tax. Florida Economy The economy of the state of Florida is the fourth-largest in the United States, with a $1.3 trillion gross national product (GDP) as of 2...
California has a 7.25% state sales tax rate and an average combined state and local sales tax rate of 8.85%. In Florida, the state sales tax rate is 6%, while the average combined state and local sales tax rate is 7%. Property Taxes ...
The state began holding the Freedom Holiday in 2021 for a one-week period around Independence Day. It was repeated as a one-week event in 2022 before being expanded to three months last year. It is among the largest portions of the new tax package, which is projected...