House proposes slashing state sales tax for $5B consumer savings

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