CAPE CANAVERAL, Fla. – Florida Gov. Ron DeSantis held a news conference Tuesday morning at Gator’s Portside in Cape Canaveral where he signed a bill to provide additional tax relief for Floridians.
DeSantis signed House Bill 7073 which requires that any homeowner be given a specified timeframe to pay certain taxes, penalties and interest prior to a lien being filed.
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It also prohibits the taxpayer from being assessed certain penalties or interest under “certain circumstances.”
In addition to the $450 million in toll relief bill DeSantis signed last month, he confirmed that his administration has brought the “total savings for Florida families to $1.5 billion and $6.7 billion in tax cuts while maintaining a comfortable budget surplus.”
“Florida’s economy has remained strong despite reckless federal spending and failed policies in Washington,” said DeSantis at Tuesday’s news conference. “This tax relief package will provide much-needed relief for Florida’s families, especially as the D.C. political class shows no signs of reversing course on the inflationary policies of the federal government.”
“The tax package will help homeowners by providing a one-year exemption on taxes on residential property and flood insurance premiums,” a news release from the governor’s office stated. “This is in addition to the $200 million that was signed last month for the My Safe Florida Home Program, bringing the total investment to the program to over $600 million since 2022.”
DeSantis further noted that Florida boasts the lowest state debt per capita and has secured a $500 million debt relief initiative.
He was joined by Division of Emergency Management Director Kevin Guthrie and Florida House Speaker who shared their support for the governor and the new bill.
“People across the country are finding out what Floridians have known for years—allowing people to keep more of what they earn benefits Florida families, workers, retirees, and businesses. With the signing of HB 7073, we continue that tradition — a tradition we like to call, ‘the Florida Way,”' said Renner.
According to the news release, Desantis’ 2024 tax cut package is a continuation of annual tax holidays. These tax holidays include:
- Two Disaster Preparedness Holidays
- June 1-14 and Aug. 24 - Sept. 6, families can prepare for hurricane season with items like tarps, batteries, and flashlights, sales tax-free.
- The Back-to-School Sales Tax Holiday
- July 29 - Aug. 11, families can save on pens, pencils, computers, clothing, and other school supplies.
- The Tool Time Sales Tax Holiday
- Sept. 1-7, Floridians can save on power tools, hand tools, toolboxes, and other items.
- The Freedom Month Sales Tax Holiday.
- July 1-31, Florida families can purchase summer items like pool floats, fishing supplies, and outdoor equipment, in addition to admissions to museums and state parks, sales tax-free.
For more information on the sales tax holidays, click here.
Watch the full news conference here: