Ron DeSantis Announces Tax Relief To Help Struggling Families

Matt Lillywhite

Florida Governor Ron DeSantis recently announced $2.7 billion in tax relief to help families combat rising prices...

Governor Ron DeSantis recently announced a tax relief package to help families in Florida combat rising prices. “Florida families are feeling the pressure of inflation on their wallets,” he said. “But in Florida, we are ensuring that our state’s economic success gets passed on to the people that made it possible. I will continue to push smart fiscal policy that will allow Florida families to keep more of their hard-earned money in their pockets. Stronger families make a stronger Florida.”

The Tax Relief Package Is Great News For Florida Families.

Governor DeSantis' recent tax relief package is the largest in Florida’s history. It's expected to provide families with $2.7 billion in tax relief during the 2023–2024 fiscal year. It also comes with a permanent exemption for baby and toddler necessities like strollers, cribs, diapers, and baby wipes.

Here's a detailed breakdown of the tax relief package:

  • $500 million - Toll relief program.
  • $15 million - Tool time tax holiday.
  • $29 million - Property tax reductions.
  • $7 million - 1-year exemption on gas stoves.
  • $86 million - 1-year exemption on energy star appliances.
  • $161 million - Expanding back to school sales tax holiday.
  • $854 million - Live Local Act tax credits for housing efforts.
  • $256 million - Rent tax reduction to benefit small businesses.
  • $10 million - Doubling annual cap on strong families tax credit.
  • $159 million - Permanent exemption for baby/toddler necessities.
  • $144 million - Disaster preparedness sales tax holiday for family and pet supplies.
  • $230 million - Outdoor entertainment and recreation products from Memorial Day to Labor Day.
  • $67 million - Permanent exemption on hygiene products, including toothbrushes and toothpaste.

Florida Governor Ron DeSantis signed the Live Local Act earlier this year to encourage Floridians to live in the communities where they work. The Live Local Act also includes incentives for local governments to create partnerships to preserve and produce housing for Florida families and businesses.

According to the Governor's website, "this legislation will provide more than $854 million in tax incentives and sales tax refunds on building materials to help Florida families access more housing in the communities they work in. In total, this family-focused tax relief could save a family of four as much $1,000 over the course of a year."

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Matt Lillywhite covers politics, the economy, and kitchen-table issues that matter.


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