On Thursday, Florida Governor Rick Scott signed a $180 million dollar tax cut package that aims to help small businesses and families in the state.
In his announcement the Governor says he’s cut about $6.7 billion in taxes since taking office in 2011. This round of cuts will included reducing the tax on commercial leases signed by small businesses which he estimates totals $61 million in savings, a variety of sales tax holidays which totals about $75 million and property tax savings and exemptions which will total about $35 million along with other tax cutting measures.
“I’m proud to sign this legislation today that cuts more than $180 million in taxes for Florida families and businesses.” says Scott “Since I’ve been in office, I’ve fought to cut taxes and reduce burdensome regulations to help boost Florida’s economy and ensure our children and grandchildren have the opportunity to succeed in our great state. Every time we cut taxes, we are encouraging businesses of all sizes to create opportunities for families across the state and more money is put back in taxpayers’ pockets.”