Senate tax bill would cap spending on tourism-related infrastructure

Senate tax bill would cap spending on tourism-related infrastructure

A provision in Senate Proposed Bill (SPB) 7034, published Monday by the Florida Senate Committee on Finance and Tax, would place a new limit on how much counties can spend from tourist development tax revenues on public infrastructure projects. The proposed cap would restrict counties from spending more than $50 million per year on public facilities, and only after they allocate at least 40 percent of total tourist development tax collections to…

Senate President Albritton releases $2.1B tax relief bill

Senate President Ben Alb ritton (L) and House Speaker Danny Perez (R) are ready for the start of the 2025 Session. (Photos via the Legislature; Capitol photo by Jay Waagmeester/Florida Phoenix.)Senate President Ben Albritton laid out a $2.1 billion tax relief bill (SB 7034) Monday that, if passed by the Legislature, would direct Florida’s top government economists to delve into the financial implications of permanently reducing property taxes. T…