Florida House Passes Nearly $700 Million Tax Cut Package
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TALLAHASSEE (CBSMiami/AP) — Nearly $700 million in tax cuts and breaks are coming after the House overwhelmingly approved a bill on Thursday.
The legislation includes a substantial cut in the taxes charged on cellphones and cable television bills. The bill (HB 7141) also authorizes a three-day back to school sales tax holiday and exempts college textbooks from sales taxes.
The tax cut bill passed by a 112-3 vote.
It's not clear, however, what taxes the Florida Legislature will cut this year.
Florida Senate leaders have said they won't talk about cutting taxes until they figure out what to do about health care spending in the state budget. The House and Senate have passed rival budgets that differ by $4 billion.
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