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Florida Gov. Oks More than $400 Million Tax Cut Package

Tax Cuts
Posted at 2:44 PM, Jun 16, 2015
and last updated 2015-06-16 14:46:28-04

TALLAHASSEE, FL. (AP) - Florida Gov. Rick Scott is moving quickly to approve a more than $400 million tax cut package.

Scott on Tuesday signed into law a tax cut bill that the Florida Legislature approved a day earlier.

The tax cuts total roughly $429 million and include a small cut in the monthly bills paid by cellphone and cable television customers. Customers are expected to save about $20 a year.

The tax cut package also includes a 10-day back-to-school sales tax holiday. Shoppers in August will be able to purchase clothes and school supplies without paying sales taxes. Taxes will also be waived on the first $750 of the cost of a computer.

Legislators also agreed to remove sales taxes on the cost of college textbooks for the next year.