The Florida House Should Support Senate’s Version of SB 1832
Legislature Should Eliminate Politically Favored Tax Breaks
Tallahassee, Florida—This morning the Florida House Appropriations Committee watered down SB 1832, a bill introduced by Senate Appropriations Chairman Joe Negron (R-Palm City). The bill would have repealed a motor vehicle registration tax increase passed in 2009 as well as a decades old special tax cut for the insurance industry. The House amendment to SB 1832 will lower the motor vehicle registration fee over five years instead of at once and maintains the insurance industry tax break.
The Florida chapter of Americans for Prosperity (AFP-FL) has remained a vocal opponent of targeted business tax credits and exemptions, an issue that they included in point one of their Five for Florida plan released last summer.
“Senator Negron and the Florida Senate are on the right track, working to identify and repeal politically favored tax cuts for targeted industries,” commented AFP-FL State Director Slade O’Brien. “These targeted business tax breaks don’t benefit Florida’s taxpayers, they benefit the special interests that got them passed in the first place. It’s time that all of these special interest tax breaks are repealed, not just this one.”
O’Brien continued, “Every tax break given to one specific industry drives up taxes for the rest of Florida’s families and businesses. The legislature has the chance this year to give all Floridians an immediate tax cut on their vehicle registrations. This should not be delayed in exchange for protecting one special interest handout. Hopefully the House of Representatives will reconsider their amendment to SB 1832 and revert back to the language passed by the Senate.”