TALLAHASSEE (WTXL) - The House Finance and Tax Subcommittee approved a bill that would make a new tax holiday for Floridians who purchase less than $1500 worth of Energy Star and Water Sense appliances between September 19th through September 21st of this year.
The bill would also transfer greater funding to Florida's schools and colleges. It would shift 3 percent of the sales tax revenue on commercial electricity consumption to the "PECO" (Public Education Capital Outlay) fund which supports the expansion and construction of public schools and state universities.
The Commissioner of Agriculture Adam H. Putnam says this would provide more than $180 million in long-term funding to Florida’s schools and colleges by shifting revenue from an existing tax on commercial energy consumption to the PECO trust fund. Putnam says, "The system we have in place to fund our education infrastructure is not sustainable... Our proposal is a long-term, sustainable source of funding to provide our schools the resources they need to get our kids college, career and workforce-ready.”
