Selling sunshine is not enough


Florida Gov. Rick Scott that he again included a reduction in the state's business rent tax – as part of his proposed 2017 budget that he'll send to the Florida Legislature for consideration.

"Florida is the only state that has a tax on commercial leases. It's unfair to our small businesses, and it makes it more difficult to attract new business and industry to the Sunshine State. It also causes an additional burden if an existing Florida business hopes to invest more or expand, which in turn creates new opportunities for families in their communities."

 In addition to the business lease tax deduction, Scott proposed the following tax cuts:

Four sales tax holidays that would save Floridians an estimated $98 million this year: $72 million during a 10-day back-to-school sales tax holiday; $7 million from a nine-day disaster preparedness sales tax holiday; $18.4 million from a three-day veteran's sales tax holiday; and $500,000 from a one-day camping and fishing sales tax holiday.

A sales tax holiday on textbooks for the 2017-2018 academic year that would provide students an estimated $48 million savings.

An increase in the corporate tax exemption from $50,000 to $75,000. If enacted, Scott estimates that 22.5 percent of businesses that currently pay state income taxes won't have to do so. The exemption was increased from $5,000 to $25,000 in 2011 and $50,000 in 2012.

Every day we hear about our need for higher wages to meet the price increases on properties all around Florida. Florida can not longer afford to compete just counting on selling sunshine to bring more businesses to our state.

Great move Mr. Governor, it is up to us now to let our legislators know much we need this cuts.

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Guillermo "Bill" Sanjurjo, Realtor ®
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