Florida Republicans Back Tax Breaks For Plane & Yacht Owners

Florida’s House Republicans said “This isn’t about raising revenue.  Oh no! This is about fair and balance taxation system.”   Well, that is certainly obvious that it isn’t about raising money.

Buyers of yachts and private airplanes in Florida would be spared from paying the full 6 percent sales tax on their purchases. But magazine subscribers would now start paying taxes.

Those were among the decisions the House Finance and Tax Council made Monday as it weighed revisions to Florida’s tax system in a wide-ranging bill that creates two sales tax holidays for shoppers and leaves the budget $25 million in the red.

They were confident they would find the needed money by the end of the legislative session on May 1.

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