Florida House To Take Up Online Tax Plan – CBS Miami
TALLAHASSEE (CBSMiami / NSF) – After House and Senate leaders reach an agreement, the House of Representatives could pass a plan next week to require non-state online retailers to levy sales taxes on items sold to Floridians.
The House is scheduled to take up proposal (HB 15) on Wednesday that comes after years of lobbying companies in Florida asking non-state retailers to collect and remit taxes.
CONTINUE READING: The real-time crime app “Citizen” is making its debut in South Florida with expansion plans
Under an agreement between House Speaker Chris Sprowls, R-Palm Harbor, and Senate President Wilton Simpson, R-Trilby, the additional sales tax revenue would initially be used to replenish the state unemployment benefit trust fund that was depleted during COVID-19 Pandemic.
Using the sales tax money would protect companies from having to pay increased unemployment taxes to replenish the fund.
Sprowls and Simpson also agreed that the additional sales tax money would ultimately be used to offset a commercial rental tax cut.
CONTINUE READING: Difficult to travel despite coronavirus concerns at Miami International Airport
This would be done after replenishing the unemployment fund. The Senate passed its version of the bill (SB 50) last month, which was a Simpson priority.
Economists have estimated the proposal could generate $ 973.6 million in the upcoming 2021-2022 fiscal year, and $ 1.08 billion each subsequent year, according to the House and Senate figures.
If the House approves the plan next week, it would have to go back to the Senate for a final vote.
MORE NEWS: Coral Gables PD kicks off Autism Awareness Month with a special show of support
(© 2021 CBS Local Media. All rights reserved. Do not publish, broadcast, rewrite, or redistribute this material. Florida News Service contributed to this report.)