While Republicans may be praising the announcement of Florida tax relief,Democrats are wailing foul. They oppose the American Rescue Plan and have even filed a lawsuit against DeSantis over the Reedy Creek District. The governor,who is considered a Republican,has a track record of hypocrisy.
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Tax Relief Assistance in Tucson
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DeSantis recently rolled out a plan that would provide $1.1 billion in tax relief for Floridians. This package will include tax breaks on essential necessities,such as diapers and sports gear for kids. The tax breaks will also apply to household items that cost $25 or less. These measures are sure to help Florida residents make ends meet.
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Tax Relief Assistance in Tucson
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The bill also includes some favorable provisions for businesses. For instance,HB 7071 includes permanent tax relief,an expansion of corporate income tax credits and ad valorem tax and exemption provisions. The state expects that these changes will generate an additional $190 million in tax savings in the next two years. One provision of HB 7071 will extend sales tax holidays to more businesses,which will help the economy.
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If you are a resident of Florida and experienced a property loss due to Hurricane Ian,you may qualify for federal disaster relief. Two weeks ago,the Federal Emergency Management Agency (FEMA) declared Florida a state of emergency. The Hurricane caused widespread destruction in the state,leaving more than a million people without electricity and 81 people dead. In the wake of Hurricane Ian,the Internal Revenue Service is offering tax relief for storm victims and people who use dyed diesel fuel.-
