If you’re feeling the strain of the tightening economy, the introduction of new tax holidays is more exciting than Christmas. Last week, Gov. Ron DeSantis signed into effect House Bill 7071, the largest tax relief package in Florida’s history. The bill created 10 new tax holidays in an effort to ease the burden of paying for everyday necessities including school supplies, baby clothes and household appliances.
“In Florida, we are going to support our residents and help them afford the goods that they need,” DeSantis said at the bill signing, “Florida has been fiscally responsible, so we are in a good position to provide meaningful relief for families, right now.”
The relief package will save Floridians an estimated $1 billion-plus in taxes. Here’s a list of the new tax holidays and what items will be tax-exempt:
— May 14 through August 14, 2022: Tax holiday for children’s books
— May 28 through June 10, 2022: Tax holiday for disaster preparedness supplies such as flashlights, radios, tarps, batteries and fire extinguishers
— July 1 through July 7, 2022: Sales tax exemption for specified admissions and items related to recreational activities (concerts, events, etc.)
— July 1, 2022 through June 30, 2024: Two-year sales tax holiday for impact resistant windows, doors and garage doors
— July 1, 2022 through June 30, 2023: One-year sales tax holiday for baby and toddler clothes and shoes
— July 1, 2022 through June 30, 2023: One-year sales tax holiday for appliances including washing machines, clothes dryers, water heater and refrigerators
— July 1, 2022 through June 30, 2023: One-year sales tax holiday for children’s diapers
— July 25 through August 7, 2022: 14-day back-to-school sales tax holiday for clothing, shoes, backpacks and school supplies
— September 3 through September 9, 2022: 7-day sales tax holiday for tools and other home improvement items
— October 1 through October 31, 2022: One-month fuel tax holiday lowering the price of gas by 25.3 cents per gallon.
There’s no shortage of days to celebrate, so deck the halls and enjoy some savings during these financially trying times.
