Online tax plan easily clears Florida House
News Service of Florida
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Lawmakers look to shift burden of collecting sales tax to online merchants
TALLAHASSEE, Fla. – A plan to use taxes on sales by out-of-state online retailers to help Florida businesses is heading back to the Senate for a final vote after passing the House on Thursday.
With several Democrats arguing that working Floridians will be hurt by the proposal, the House voted 93-24 in support of the measure (SB 50).
It would require out-of-state retailers to collect and remit Florida’s sales tax, producing an estimated $1 billion a year in revenue for the state.
Florida lawmakers vote to raise $1 billion from online consumers to cut business taxes sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
A coalition of business organizations warned the state Wednesday not to balance mounting unemployment insurance fund debt on the backs of employers and urged lawmakers to utilize federal COVID-19 relief funds to bridge the gap instead.
Officials with the Connecticut Business & Industry Association, Connecticut chapter of the National Federation of Independent Business, Connecticut Restaurant Association, he Connecticut Food Association, and Greater New Haven Chamber of Commerce said the state faces a predicament similar to the recession of the late 2000s, when Connecticut, struggling to meet its unemployment benefits obligations, turned to higher taxes and special assessments.
Those measures hammered small businesses and stalled growth for six years, they said, and now, with the state Unemployment Compensation Trust Fund insolvent, policymakers have a chance to avoid making the same mistake twice.
Online sales taxes in Florida would be collected, and business taxes cut That s wrong sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
CHARLESTON â West Virginia has received nearly $6 billion in federal pandemic relief funds in the past year, according to a Department of Revenue report to the Legislature.
With the passage of the $1.9 trillion American Rescue Plan Act, an additional $2 billion-plus in stimulus funds will be headed the Mountain Stateâs way.
According to a report prepared by Deputy Revenue Secretary Mark Muchow, West Virginia has received at least $5.99 billion in stimulus funds over the past year, with total amounts yet to be determined for the 13-week extension of emergency unemployment benefits from September through December, and for payments through the Pandemic Unemployment Assistance Program to self-employed, freelance and gig workers who were out of work.