Homeowners to benefit from Florida tax-cuts

Included in the massive tax-cuts proposed by Florida governor, Jeb Bush is a $100 rebate to Florida homeowners who have Homestead exemptions or own their own mobile home. The governor proposed tax cuts earlier this week amounting to $1.5 billion.

 Also proposed is nine percent reduction in the school taxes paid by all property owners. This $570 million tax cut would be another major benefit to homeowners. 

In proposing the cuts Bush said, “In times of growth, tax dollars should be returned to working families, and small businesses in Florida.” 

The tax-cut package calls for spending more than $1 billion on the tax rebate and tax cut for homeowners. The governor also proposed other significant cuts including completely eliminating the state’s tangible tax on stocks and bonds, and a tax on alcoholic beverages consumed at restaurants and bars. 

Florida’s current strong economy has prompted economists to predict that state legislators will have billions more than was expected to spend in the coming year.