TALLAHASSEE (CBSMiami/NSF) – Move over Black Friday.READ MORE: New Daily Virus Cases In Florida Lowest Since July
A freshman House Republican filed a proposal Wednesday that would create a sales-tax holiday on November 28th for many small businesses in Florida.
The proposal (HB 259), filed by Rep. Jay Fant, R-Jacksonville, would dovetail with what has become known as Small Business Saturday, which is two days after Thanksgiving. It would allow shoppers to avoid paying sales taxes that day on a wide range of items described in state law as “tangible personal property.”
The tax holiday would apply to businesses that remitted less than $200,000 in sales taxes to the state during the previous year.READ MORE: Spacex's 1st Tourists Homeward Bound After 3 Days In Orbit
Also, it would apply to what the bill describes as “newly created” small businesses. To be included in that classification, a business would have to be in operation for less than a year and have remitted less than $50,000 in sales taxes to the state during at least three of the previous 12 months.
Similar tax holidays have long been popular with lawmakers, retailers and shoppers. The best-known have been back-to-school holidays that have allowed shoppers to avoid paying sales taxes on clothing and school supplies during designated days.
The News Service of Florida contributed to this report.MORE NEWS: Report: Miami-Dade School District Misused $6M For Driver’s Ed Programs
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