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House Speaker Daniel Perez wants Florida to become the only state in the nation to permanently reduce its sales tax, proposing a 0.75-percentage-point cut to bring the state sales tax from its current 6% to 5.25%.
“This will not be a temporary measure; a stunt or a tax holiday. This will be a permanent, recurring tax reduction,” Perez said during remarks to the House Chamber.
The decrease is expected to save Floridians $5 billion per year, according to Perez.
Perez said it would be the largest tax cut in state history.
“Tax dollars don’t belong to the government,” he added.
– Janelle Irwin, Florida Politics, The Tampa Bay 100