Florida online sales tax bill arrives on DeSantis desk msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Total federal loan amounts disbursed; and
Total number of students who received federal loans. The bill
also specifies that institutions must meet three or more of the
following metrics to remain eligible to receive EASE grants:
A post-graduate employment or continuing education rate of at
least 77 percent as submitted in the report dated September 202055,
and at least 78 percent and 79 percent as submitted in each
subsequent annual report, respectively;
A graduation rate of at least 48 percent as submitted in the
report dated September 202056, and at least 49 and 50 percent as
submitted in each subsequent annual report, respectively;
An academic retention rate of at least 71 percent as submitted
A plan to use taxes on sales by out-of-state online retailers to help Florida businesses is heading to Gov. Ron DeSantis after passing the House and Senate on Thursday.
While some Democrats argued that working Floridians would be hurt by the proposal because of “regressive” sales taxes, the House voted 93-24 to approve the measure (SB 50). Hours later, the Senate voted 27-12 to give final approval.
If signed by DeSantis, the bill will require out-of-state retailers to collect and remit sales taxes on purchases made by Floridians, producing an estimated $1 billion a year in revenue for the state. The money would initially be used to replenish the state’s Unemployment Compensation Trust Fund, which became depleted during the COVID-19 pandemic.
Funds will help businesses with rent taxes
“The intention of the bill at the very beginning was to help those that need it the most,” Senate sponsor Joe Gruters, R-Sarasota, said. “We re the only state that has this business rent tax. And it s going to help our retailers when they need it. Anybody that owns a business.”
The Senate voted 30-10 to approve the bill last month without the commercial-rent provision. That required the Senate to vote again on the bill Thursday after the House added the provision.
Senate President Wilton Simpson, R-Trilby, and House Speaker Chris Sprowls, R-Palm Harbor, had agreed to reduce the commercial rent tax from 5.5 percent to 2 percent.
Florida Lawmakers Approve Out-Of-State Online Sales Tax Plan usf.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usf.edu Daily Mail and Mail on Sunday newspapers.