Tax Exemptions

[aleonard]

Is this going to be the fallout from Amendment 1?





You could soon be paying more for hundreds of items that are tax exempt in Florida. The state’s budget and tax reform commission is discussing changing tax laws. The higher costs might be a trade off for lower property taxes.
Sales tax isn’t added at check out. Customers at Eastwood Pharmacy don’t have to pay taxes on band-aids, antacids, and pain relievers. The story’s the same across the state.
Pharmacy owner Rick Bradford says for decades Floridian’s haven’t paid taxes on everything from advertising to prescriptions.
“It’s not unusual to have 3 and 400 dollar prescription, and If look at a 7 percent fee on a 700 dollar prescription; you’re looking at a decent amount of money.”
Soon people springing for a bottle of water could have to dig deeper in their pockets.”
Monday the Taxation and Budget Reform Commission met to discuss eliminating some sales tax exemptions.
John McKay is a former Florida Senate President and is a member of tax commission.
“It’s adequate to evaluate all the exemptions and see which one’s like Skybox sales tax on Sky box benefit just a select few and not all Floridians.
If approved by the commission and eventually voters, the increased cash from eliminating exemptions would be used to offset the school funding portion of your property taxes.

http://www.wjhg.com/home/headlines/15519942.html

[wrobert]

Is this going to be the fallout from Amendment 1?
You could soon be paying more for hundreds of items that are tax exempt in Florida. The state’s budget and tax reform commission is discussing changing tax laws. The higher costs might be a trade off for lower property taxes.
Sales tax isn’t added at check out. Customers at Eastwood Pharmacy don’t have to pay taxes on band-aids, antacids, and pain relievers. The story’s the same across the state.
Pharmacy owner Rick Bradford says for decades Floridian’s haven’t paid taxes on everything from advertising to prescriptions.
“It’s not unusual to have 3 and 400 dollar prescription, and If look at a 7 percent fee on a 700 dollar prescription; you’re looking at a decent amount of money.”
Soon people springing for a bottle of water could have to dig deeper in their pockets.”
Monday the Taxation and Budget Reform Commission met to discuss eliminating some sales tax exemptions.
John McKay is a former Florida Senate President and is a member of tax commission.
“It’s adequate to evaluate all the exemptions and see which one’s like Skybox sales tax on Sky box benefit just a select few and not all Floridians.
If approved by the commission and eventually voters, the increased cash from eliminating exemptions would be used to offset the school funding portion of your property taxes.

http://www.wjhg.com/home/headlines/15519942.html

There was a gentleman from Okaloosa County at the last 30-A Republican Club meeting that gave a very good presentation on this commission. There are a lot of different ideas and all they are doing is sending things to the ballot for a vote.

[aleonard]

There was a gentleman from Okaloosa County at the last 30-A Republican Club meeting that gave a very good presentation on this commission. There are a lot of different ideas and all they are doing is sending things to the ballot for a vote.

Thanks. The article was short and I was curious.

[TooFarTampa]

I'm going to look back into this, but I believe the idea of taxing services and other currently untaxed items was to do so while restructuring the entire property tax system. As far as I know, it has nothing to do with Amendment 1.

In fact, my belief is that the committee is looking for radical changes, and even if Amendment 1 holds up, its impact won't be as great because the committee is going to get something on the ballot that would shift a large portion of tax collection to something other than property taxes in an effort to balance the system a bit. At least that is the hope of very many.

[ShallowsNole]

Is this going to be the fallout from Amendment 1?





You could soon be paying more for hundreds of items that are tax exempt in Florida. The state’s budget and tax reform commission is discussing changing tax laws. The higher costs might be a trade off for lower property taxes.
Sales tax isn’t added at check out. Customers at Eastwood Pharmacy don’t have to pay taxes on band-aids, antacids, and pain relievers. The story’s the same across the state.
Pharmacy owner Rick Bradford says for decades Floridian’s haven’t paid taxes on everything from advertising to prescriptions.
“It’s not unusual to have 3 and 400 dollar prescription, and If look at a 7 percent fee on a 700 dollar prescription; you’re looking at a decent amount of money.”
Soon people springing for a bottle of water could have to dig deeper in their pockets.”
Monday the Taxation and Budget Reform Commission met to discuss eliminating some sales tax exemptions.
John McKay is a former Florida Senate President and is a member of tax commission.
“It’s adequate to evaluate all the exemptions and see which one’s like Skybox sales tax on Sky box benefit just a select few and not all Floridians.
If approved by the commission and eventually voters, the increased cash from eliminating exemptions would be used to offset the school funding portion of your property taxes.

http://www.wjhg.com/home/headlines/15519942.html

Obviously Mr. McKay sits in a skybox. That would NOT have been the first thing to pop into my head! :floor:

Seriously, Florida's sales tax laws on groceries, while the intent to make true groceries exempt, have become convoluted over the years. Fortunately bar codes and scanners have taken much of the guesswork away from the cashiers, but it's pretty confusing (dry-roasted peanuts are exempt, but honey-roasted are taxable, at least they were in 1994). :blink:

I really don't want to pay sales tax on my milk, bread, meat and veggies but most states DO tax groceries. It might be time to look at that.