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What’s in DeSantis’ $1.07 Billion Florida Tax Relief Bill?

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Gov. Ron DeSantis signed a $1.07 billion Florida sales tax relief bill into law on May 7. The legislation defines 2024 sales tax holidays and provides several tax cuts for businesses and families, including a one-year property tax exemption on home insurance premiums.

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In a news release, DeSantis referred to the tax cuts as necessary, saying they will provide necessary tax relief for Floridians while the “D.C. political class shows no signs of reversing course on the inflationary policies of the federal government.”