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Florida House Approves $300 Million Worth of Tax Cuts

Tax Cuts
Posted at 9:33 PM, Jun 05, 2015
and last updated 2015-06-05 17:39:50-04

TALLAHASSEE, FL. (AP) - Floridians may see a small cut in their cellphone bills under legislation passed by the Florida House.

The House overwhelmingly approved the tax cut package on Friday.

Senate leaders have said they plan to enact tax cuts, but they haven't committed to an amount yet.

If passed, the tax cuts would save Floridians about $10 a year in cellphone taxes as opposed to the $43 a year break that Gov. Rick Scott wanted lawmakers to pass. The cut to the cellphone tax, however, would be staggered over a two-year period.

The House scaled back its tax cut package so it would cost under $300 million in the first year, although it would grow to more than $400 million when all the tax breaks are fully in place. The package also includes a small reduction in the tax charged on commercial rent.