Small Business "Tax Holiday" Could Be In The Works
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TALLAHASSEE (CBSMiami/NSF) - A Senate Republican has proposed creating a sales-tax "holiday" for small businesses on the Saturday after Thanksgiving, one of the busiest shopping times of the year.
The bill, filed by Sen. Rene Garcia of Hialeah, is similar to a measure filed last month by Rep. Jay Fant of Jacksonville, and Rep. Ed Narain of Tampa.
The bills, which will be considered during the upcoming legislative session, would create a "Small Business Saturday" tax holiday on Nov. 26 next year. If approved, small businesses would not be required to collect sales taxes on items priced at $1,000 or less.
Lawmakers considered such a proposal during the 2015 session, but it did not get approved in a final tax package.
The News Service of Florida contributed to this report.