Florida lawmakers have approved a $196 million tax relief plan that includes a third tax holiday and new tax credits and exemptions. The plan, known as House Bill 7061, was put together by the House Ways & Means Committee. It was passed 117-1 in the House and Senate and is now awaiting the governor’s signature.get IRS tax relief
The relief plan is based on damage assessments made by FEMA in the affected areas. It also includes tax filing and payment postponement opportunities for people in Florida. Under this program, eligible taxpayers can postpone filing and payment deadlines until Feb. 15, 2023. After this date, however, they must seek an extension of time to file.
Tax Relief Assistance in Tucson
The state also offers numerous tax incentives to attract new businesses. The state hopes that these incentives will spur economic development and create jobs. The list of available incentives is shown in the table below. Clicking on an individual incentive will bring up more information. Table headers also include drop-down arrows for easy access to more information.
The new tax relief plan is the largest in Florida history and will save families a combined $1.1 billion. It provides tax breaks on essential items like fuel, diapers, clothes, and disaster supplies.
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