Florida Senate Debates $1.83 Billion Tax Cuts Amid House Proposals

Florida lawmakers are negotiating tax cut proposals amid economic uncertainty, with the Senate proposing a $1.83 billion package that includes eliminating sales taxes on clothing and shoes under $75, while the House is advocating for a larger $5.43 billion plan that focuses on reducing the state sales tax rate from 6% to 5.25%. The Senate's plan also features sales tax holidays and a one-time vehicle registration fee credit, but it excludes the House's significant tax rate reduction. Senate President Ben Albritton emphasizes the need to consider one-time tax cuts to avoid future tax increases. Governor Ron DeSantis supports property tax reductions, suggesting a credit and potential amendments to the homestead exemption in 2026. Both sides remain optimistic about finding common ground before the legislative session concludes on May 2. The ongoing discussions reflect competing priorities amidst a backdrop of broader economic challenges.