Putnam wants to cut taxes on electric bills

Electricity Costs
Posted at 3:27 PM, Oct 14, 2013
and last updated 2013-10-14 13:15:07-04

TALLAHASSEE, Fla. (AP) — Florida Agriculture Commissioner Adam Putnam is pushing to cut taxes charged on electric bills.

Putnam suggested the tax cut at the Monday opening of his annual energy summit.

Putnam's office estimates the 3.5 percent tax cut — which would apply to businesses only — would save $250 million once it is fully implemented three years from now. Putnam also wants to steer the remaining electric taxes collected into a school construction fund.

Putnam is also recommending a three-day sales tax holiday where Floridians would be able to purchase energy efficient appliances without paying the state's 6 percent sales tax.

Gov. Rick Scott is recommending that state legislators use a potential budget surplus to hand out $500 million in tax cuts in 2014. Legislators will decide what to do next spring.